OPEN-SOURCE SCRIPT
Uptrend+High Vol+RSI+MACD Safest Bull Breakout_ImtiazH
A breakout indicator that identifies bullish entry signals by aligning multiple technical indicators like EMA, SMA, RSI, Volume, and MACD. Fully customizable and reliable for identifying safe and high-probability trades.
This indicator is designed to detect bullish breakout signals by combining several key technical indicators. It ensures a high probability of successful trades by requiring multiple conditions to align. The script is highly configurable to suit different trading styles and preferences.
NOTE: the indicator will only appear, if the price is above 200 period EMA.
### Indicators Used:
1. **Exponential Moving Averages (EMA):**
- The price must be above the 200 EMA (a strong bullish signal).
- A crossover of the 21 EMA above the 50 EMA confirms a short-term bullish trend.
2. **Simple Moving Average (SMA):**
- 9-period SMA crossing above the 21 EMA provides additional confirmation.
3. **Volume Surge:**
- The volume must be significantly higher than its recent average (customizable with a multiplier).
4. **Relative Strength Index (RSI):**
- RSI must fall within a configurable range (default: between 40 and 50 or higher for strong momentum).
5. **MACD Crossover:**
- The MACD line crossing above the signal line indicates bullish momentum.
### Key Features:
- **Safe & Reliable:** Requires mandatory conditions (price above 200 EMA + volume surge) and allows users to define the number of additional conditions (RSI, EMA/SMA crossovers, or MACD crossover).
- **Highly Customizable:** All parameters (e.g., EMA/SMA lengths, RSI levels, volume lookback) are fully adjustable.
- **Visual Signals:** Generates a green triangle for the breakout signal, optimized for visibility in both light and dark modes.
- **Debugging Option:** View the status of individual conditions via the style settings.
- **Alerts:** Get notified whenever a breakout signal is triggered.
This indicator is a valuable tool for traders seeking confidence in their breakout strategies.
This indicator is designed to detect bullish breakout signals by combining several key technical indicators. It ensures a high probability of successful trades by requiring multiple conditions to align. The script is highly configurable to suit different trading styles and preferences.
NOTE: the indicator will only appear, if the price is above 200 period EMA.
### Indicators Used:
1. **Exponential Moving Averages (EMA):**
- The price must be above the 200 EMA (a strong bullish signal).
- A crossover of the 21 EMA above the 50 EMA confirms a short-term bullish trend.
2. **Simple Moving Average (SMA):**
- 9-period SMA crossing above the 21 EMA provides additional confirmation.
3. **Volume Surge:**
- The volume must be significantly higher than its recent average (customizable with a multiplier).
4. **Relative Strength Index (RSI):**
- RSI must fall within a configurable range (default: between 40 and 50 or higher for strong momentum).
5. **MACD Crossover:**
- The MACD line crossing above the signal line indicates bullish momentum.
### Key Features:
- **Safe & Reliable:** Requires mandatory conditions (price above 200 EMA + volume surge) and allows users to define the number of additional conditions (RSI, EMA/SMA crossovers, or MACD crossover).
- **Highly Customizable:** All parameters (e.g., EMA/SMA lengths, RSI levels, volume lookback) are fully adjustable.
- **Visual Signals:** Generates a green triangle for the breakout signal, optimized for visibility in both light and dark modes.
- **Debugging Option:** View the status of individual conditions via the style settings.
- **Alerts:** Get notified whenever a breakout signal is triggered.
This indicator is a valuable tool for traders seeking confidence in their breakout strategies.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.