OPEN-SOURCE SCRIPT

Fiju

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This indicator is designed to identify buy opportunities and then assist in trade management.
It relies on several technical filters:

  • Long-term trend: price above the 200-period moving average.
  • Momentum: bullish MACD (MACD line > signal line) and optionally positive.
  • Relative strength: RSI above 30, with detection of overbought conditions and weakness through the RSI moving average.
  • Timing: additional validation using candle color and proximity of the price to the SMA200 (limited deviation).


The indicator highlights different states using background colors and a label on the last candle:

  • 🟢 Buy: potential buy signal.
  • 🔵 Hold: keep the position.
  • 🟠 Warning: caution, RSI is overbought or losing strength.
  • 🔴 Sell: conditions invalidated, exit recommended.


👉 This is not an automated system but a decision-support tool. It only works for long entries and must be combined with a proper trade management methodology (money management, stop-loss, take-profit, trend following, etc.).

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