Narpavi Profit AI

1. Script Metadata

License: The script is licensed under the Mozilla Public License 2.0.

Author: The script is created by Jagadeesh from India

Version: The script uses Pine Script version 5.

Indicator Name: The indicator is named "Narpavi Profit AI" and is overlaid on the price chart Give Signal Alert on Long and Short Entry on 15 Min Time with 80% Accuracy.

2. Inputs

The script allows users to customize various parameters through inputs:
OHLC Source

src: The price source for calculations (default is close).

EMA Inputs

i_fastEMA: Period for the Fast EMA (default: 12).

i_slowEMA: Period for the Slow EMA (default: 25).

i_defEMA: Period for the Consolidated EMA (default: 25).

i_bothEMAs: Toggle to show both Fast and Slow EMAs (default: true).

Risk Management Inputs

stopLossPerc: Stop loss percentage (default: 1%).

takeProfitPerc: Take profit percentage (default: 2%).

Stochastic RSI Inputs

smoothK: Smoothing period for the %K line (default: 3).

smoothD: Smoothing period for the %D line (default: 3).

lengthRSI: RSI period (default: 14).

lengthStoch: Stochastic period (default: 14).

bandno0: Upper band level (default: 80).

bandno1: Lower band level (default: 20).

bandno2: Middle band level (default: 50).

Multi-Timeframe Input

higherTF: Higher timeframe for EMA calculations (default: 'D' for daily).

3. Functions

The script defines two custom functions:
f_ema(src, period)

Calculates the Exponential Moving Average (EMA) for a given source (src) and period.

f_stochRSI(src, lengthRSI, lengthStoch, smoothK, smoothD)

Calculates the Stochastic RSI:

Computes the RSI of the source.

Applies the Stochastic formula to the RSI.

Smooths the %K and %D lines using the specified smoothing periods.

4. Calculations

The script performs the following calculations:
EMAs

v_fastEMA: Fast EMA calculated using the f_ema function.

v_slowEMA: Slow EMA calculated using the f_ema function.

v_biasEMA: Consolidated EMA calculated using the f_ema function.

Stochastic RSI

[k, d]: The %K and %D values of the Stochastic RSI are calculated using the f_stochRSI function.

Higher Timeframe EMAs

higherFastEMA: Fast EMA calculated on the higher timeframe.

higherSlowEMA: Slow EMA calculated on the higher timeframe.

5. How It Works

The script calculates EMAs and Stochastic RSI values.

Buy/sell signals are generated based on EMA crossovers.

Stop loss and take profit levels are calculated based on user-defined percentages.

The script visualizes the EMAs, signals, and risk levels on the chart.

Alerts are triggered when buy/sell signals occur.