Long and Short Positions on EMA and Pivot Cross with Candle Size

12 באוג׳ 2024

This Pine Script indicator identifies long and short trading signals based on specific criteria involving candle body size, EMA, and pivot levels.

Long Position ("Buy" Signal): A "Buy" signal is triggered when a green candle (close > open) with a body size of at least 10 crosses above the 9 EMA and any of the daily pivot levels (R1, R2, R3, R4, R5, S1, S2, S3, S4, S5).

Short Position ("Sell" Signal): A "Sell" signal is triggered when a red candle (close < open) with a body size of at least 10 crosses below the 9 EMA and any of the pivot levels.

The script plots only the "Buy" and "Sell" signals on the chart, without displaying the EMA or pivot levels.