RSI and EMA crossover with big candles

26 feb

This TradingView indicator identifies big bullish and bearish candles using RSI, EMA crossovers, and wick analysis. It helps traders spot potential trend continuation or reversal points by labeling significant price movements and providing real-time alerts.

NOTE: THIS WORKS BEST ON 2 MINS TIME FRAME ONLY

Key Features:
✅ Big Candle Detection:

Detects large candles based on body size and recent price action.
Differentiates between bullish (green) and bearish (red) candles.
✅ Wick Analysis & RSI Filtering:

Ensures candles have relatively small wicks for stronger signals.
RSI confirmation:
Bullish signals require RSI above 59.
Bearish signals require RSI below 40.
✅ Candle Counting & Labeling:

Labels bullish and bearish candles with sequential numbers.
Adds PUTS and CALLS labels when an 8 EMA crosses the 21 EMA.
Adjusts label positioning for better visibility.
✅ Configurable Alerts for #2 Candle:

Alerts trigger when the second bullish or bearish candle is detected.
Users can enable/disable alerts from the script settings.
✅ EMA Crossover Signals:

Bullish crossover (8 EMA above 21 EMA): Displays a "CALLS" label below the candle.
Bearish crossover (8 EMA below 21 EMA): Displays a "PUTS" label above the candle.
Usage:
📊 Trend Confirmation: Use the big candle signals + EMA crossover for stronger trade setups.
🔔 Alerts: Get notified when the second big candle forms.
📉 Reversals & Continuation Patterns: Identify shifts in momentum early.

This script is perfect for traders looking for a clean and powerful price action-based indicator with automated alerts. 🚀

27 feb

Note di rilascio

This is fun script

27 feb

Note di rilascio

Adjusted the wick percentage.

4 mar

Note di rilascio

- Adjusted the wick ratio for the directional candle.

5 mar

Note di rilascio

Adding option to select riskier entries vs safe entries.
Riskier entries is bigger directional wicks. Safe entries are smaller directional wicks.

6 mar

Note di rilascio

Changed the following thing:
1. Now we will have red labels and green labels indicating how risky the entry is, red candle is of course a risky entry.
2. I also plot VWAP and 200 SMA for 2 mins, 5 mins, 1Hour and 1D charts. (Thanks xdecow)

6 mar

Note di rilascio

- Added better wick calculation
- Added tooltip on the labels which indicate P1, C1
- Risky entries will be called as R1, R2

14 mar

Note di rilascio

Now the indicator will print the following candles:
SR: Super risky candle
R: risky candle
P or C: puts or calls symbol

Reduce (but not completely eliminate) dependency on candle size for signals.

18 mar

Note di rilascio

Adding more information on the signal candles.
- Adding information about Wick size, Stop loss and Entry values for signals.
- You can also enable or disable these values as you want from the settings.
- Also the signals and so the alerts will only trigger during market hours.

26 mar

Note di rilascio

Updated Script Features:

Candle Body Calculation Update: Previously, the candle body was calculated using only the difference between the open and close prices. Now, you can choose to base it on the high and low prices as well. Note: This may result in a higher number of false positives, so use with caution. To enable this feature, simply check the first box in the settings.

Simplified Candle Labels: The labels have been removed and replaced with numerical indicators for the candles. For example:

• SR1 will now display as "1" in red.
  
• R2 will now display as "2" in orange.
  
• Safe candles will be displayed in green.
  

Customizable Text Settings: You can now fully customize the size, style, and other text properties via the settings, allowing you to adjust it according to your preferences.

Add another parameter to determine bullish or bearish candles: Added another parameter to determine bullish or bearish candles so small body candles are not missed.

Debug Flag: A new debug flag has been added to the bottom of the settings, enabling you to print specific values for personal use or troubleshooting.

26 mar

Note di rilascio

- Updated the label offset to be a bit better.
- Also given user option to move the label lower (for puts) or higher(for calls) for their own preference.

31 mar

Note di rilascio

Visual Updates:

• Prefer more than just numbers? You can now label the candles as C1 and C2 for calls, and P1 and P2 for puts.
  
  
• Want to only mark the first two candles before a reset? Select the option to display only the first two candles, and the rest will remain hidden until the next reset.
  
  
• Need to adjust label size? Now you can customize it to your preference.
  
  
• Want to reposition the marked candle? You now have the flexibility to adjust its position.
  
  
• Feeling bold and ready to take on more risk, or prefer a more conservative approach? Adjust the wick variance to either increase or decrease the risk level. The default is 0.5, but you can update it to suit your risk tolerance.
  
  
• Updated the logic to use the default candle body instead of user-defined settings, providing improved accuracy.
  
  
• Refined the risk calculation formula, factoring in multiple variables for more precise results.
  

Bug Fix:

• Fixed an issue with bearish candles that was affecting performance in previous versions.
  

3 apr

Note di rilascio

- Notifications behave correctly now.




*Hopefully*

21 apr

Note di rilascio

- All new brand update. YOU DON'T WANT TO MISS IT.

21 apr

Note di rilascio

- Super se bhi upar.

21 apr

Note di rilascio

BEST UPDATE EVER