BTCs RSI Dip & EMA Crossover Alert

This indicator helps you catch potential reversal opportunities after a stock or crypto asset becomes oversold.

🛠 How it works:
Watches RSI (Relative Strength Index)
First, it waits for RSI to dip below a level you choose (default is 30), which often signals the asset is oversold and due for a bounce.

1. Waits for Price Confirmation
   

After the RSI dip, the indicator watches for the first time price closes above both the 55 EMA and 200 EMA — a strong sign that momentum may be shifting upward.

Sends a “Buy” Signal
When that happens, the script:

Plots a green “Buy” label on the chart

Triggers an alert (labeled "Buy Indicator") so you’re notified immediately

⚙️ Customizable Inputs:
RSI threshold (e.g. 30 or 25)

RSI period (e.g. 14)

EMA lengths (default: 55 and 200)

✅ Designed to:
Avoid false signals by requiring both RSI weakness and price strength

Only trigger once per RSI dip, so you’re not spammed with repeat alerts

Use it to stay patient during downtrends and get alerted when the technicals show a possible turnaround. Great for swing traders and longer-term entries.