Rajesh Raju nifty options SMA/RSI

This indicator is designed for Nifty Index Options trading on a 5-minute timeframe. It uses a combination of the Simple Moving Average (SMA) and Relative Strength Index (RSI) to identify potential buy and sell signals.

How It Works:
A BUY signal is triggered when the price crosses above the SMA and RSI is below the overbought level.
A SELL signal is generated when the price crosses below the SMA and RSI is above the oversold level.
The SMA line is displayed in pink (purple in Pine Script) to track trend direction.
Alerts are included to notify users of trade signals in real time.
This indicator helps traders make informed decisions by identifying trend reversals and momentum shifts