OPEN-SOURCE SCRIPT

REVOLD-TECH-ANALYZER with Buy/Sell Signals

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🔍 Overview:
This Pine Script v5 indicator is designed to provide accurate Buy/Sell signals based on multiple technical analysis indicators. It combines trend-following, momentum, volume analysis, and candlestick patterns to filter out false signals and provide reliable trade opportunities.

📊 Features:
Moving Averages:

Simple Moving Average (SMA) – Basic trend indicator.
Exponential Moving Average (EMA) – Reacts faster to price changes.
Volume-Weighted Moving Average (VWMA) – Confirms trend strength based on volume.
MACD (Moving Average Convergence Divergence):

Used to determine trend momentum.
Buy signals occur when MACD Line crosses above the Signal Line.
Sell signals occur when MACD Line crosses below the Signal Line.
Ichimoku Cloud:

Conversion Line & Base Line are used for additional trend confirmation.
Lead Lines 1 & 2 form the Ichimoku cloud (Kumo) for identifying key resistance and support zones.
Bollinger Bands:

Helps identify overbought and oversold conditions.
Buy when price is near lower band.
Sell when price is near upper band.
Candlestick Pattern Detection (Engulfing Patterns):

Bullish Engulfing: Strong reversal signal in an uptrend.
Bearish Engulfing: Indicates a potential downward reversal.
Volume Confirmation:

Engulfing patterns are only validated when volume increases, reducing false signals.
🚀 How the Buy/Sell Signals Work:
✅ Buy Signal:

EMA crosses above SMA.
MACD histogram is positive.
Price is above VWMA (confirming trend strength).
OR a Bullish Engulfing pattern occurs with high volume.
❌ Sell Signal:

EMA crosses below SMA.
MACD histogram is negative.
Price is below VWMA (confirming trend weakness).
OR a Bearish Engulfing pattern occurs with high volume.
📈 Visualization:
Buy Signals: Green "BUY" labels appear below bars.
Sell Signals: Red "SELL" labels appear above bars.
Buy Zone: Background turns light green when a buy signal is active.
Sell Zone: Background turns light red when a sell signal is active.
Trend Lines: SMA, EMA, VWMA, MACD, and Ichimoku Cloud are plotted for better trend identification.
🛠️ Customization:
All indicator lengths (SMA, EMA, VWMA, MACD, Ichimoku, Bollinger Bands) can be adjusted via input settings.
Buy/Sell conditions are adaptable by modifying pattern validation, MACD settings, or volume thresholds.
🎯 Use Case:
Day traders & Swing traders: Identifies optimal entry & exit points.
Long-term investors: Helps in trend identification and risk management.
Scalpers: Can be used on lower timeframes by tweaking settings.
🔥 Conclusion:
This REVOLD-TECH-ANALYZER script provides an all-in-one trading system, combining trend, momentum, volume, and candlestick pattern analysis to generate high-confidence Buy/Sell signals. 🚀

כתב ויתור

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