1M/2M Scalping BUY/SELL Indicator

semalam

Script Name: CHN BUY SELL v5 — Multi-Timeframe EMA + RSI + Candlestick Patterns
This script is a powerful multi-signal trading tool designed for scalping and trend-based strategies, combining multi-timeframe EMA, RSI-based conditions, and classic candlestick patterns to generate buy/sell signals.

🔧 Key Features:
Multi-Timeframe EMA 200:

Plots the EMA 200 from multiple timeframes (2m, 5m, 10m, 15m) to visualize higher timeframe trends on the current chart.

RSI Analysis:

Calculates RSI using configurable length.

Highlights Overbought and Oversold zones.

Custom bar coloring based on RSI level (e.g., orange when overbought, purple when oversold).

Candlestick Pattern Detection:

Bullish/Bearish Engulfing

Hammer & Shooting Star

Two Consecutive Green or Red Bars

Buy/Sell Signal Logic:

Generates buy/sell labels when RSI aligns with engulfing candle patterns or other configurations.

Optional pattern detection can be enabled/disabled via settings (e.g., hammer signals or two-bar confirmations).

Visuals:

Clear labels and shapes on chart for each signal type.

Multiple EMA lines help identify trend direction across timeframes.

Alerts:

Built-in alert conditions for:

General RSI signal

Buy/Sell signals

Hammer or Shooting Star detections

🧠 How to Use:
Apply this script to a low timeframe chart (e.g., 1m, 2m).

Example : Trade 2M chart - Use EMA 200 at 10M timeframes.

Use the higher timeframe EMA to trade in the direction of the major trend.

Watch for RSI + pattern confluence signals for higher probability entries.

Let me know if you'd like a shorter version or one tailored for publishing to the TradingView public library.

3 jam lalu

Nota Keluaran

Pivot Points High/Low, sometimes referred to as "Bar Count Reversals" allows highlighting market prices local tops and bottoms. This method compares the price value at a certain index within a user-specified window length and tests whether it is the highest (pivot high) or lowest (pivot low).

This method can return successive pivots of the same type, thus missing certain reversals, as such, we aimed to highlight those missed reversals and provide a level at their location to determine if they had any significant role to play. A zig-zag is additionally built, connecting regular pivots with missed reversals.

Settings

Pivot Length: Determine the "Bar Count Reversals" window size. higher values will highlight more significant reversals.


Other settings control the look of the displayed graphical elements within the indicator.

Usage

ảnh chụp nhanh


Missed reversals are highlighted by labels with a ghost emoji, a Zig-Zag line connecting a missed reversal is dashed. Note that labels are offset by -Pivot Length bars (with the exception of the most recent one), and as such are detected further ahead of their location.

When a missed reversal is detected, a level is displayed, starting at the location of the missed reversal and ending when a new missed reversal is detected.

These levels can be used as support and resistance.

The most recent label estimates the possible location of a confirmed reversal, and will continuously readjust whether price makes a new higher high/lower low depending on the type of previously detected pivot. A level is also made out of this estimated reversal.

2 jam lalu

Nota Keluaran

Pivot Points High/Low, sometimes referred to as "Bar Count Reversals" allows highlighting market prices local tops and bottoms. This method compares the price value at a certain index within a user-specified window length and tests whether it is the highest (pivot high) or lowest (pivot low).

This method can return successive pivots of the same type, thus missing certain reversals, as such, we aimed to highlight those missed reversals and provide a level at their location to determine if they had any significant role to play. A zig-zag is additionally built, connecting regular pivots with missed reversals.

Settings

Pivot Length: Determine the "Bar Count Reversals" window size. higher values will highlight more significant reversals.


Other settings control the look of the displayed graphical elements within the indicator.

Usage

ảnh chụp nhanh


Missed reversals are highlighted by labels with a ghost emoji, a Zig-Zag line connecting a missed reversal is dashed. Note that labels are offset by -Pivot Length bars (with the exception of the most recent one), and as such are detected further ahead of their location.

When a missed reversal is detected, a level is displayed, starting at the location of the missed reversal and ending when a new missed reversal is detected.

These levels can be used as support and resistance.

The most recent label estimates the possible location of a confirmed reversal, and will continuously readjust whether price makes a new higher high/lower low depending on the type of previously detected pivot. A level is also made out of this estimated reversal.

2 jam lalu

Nota Keluaran

Pivot Points High/Low, sometimes referred to as "Bar Count Reversals" allows highlighting market prices local tops and bottoms. This method compares the price value at a certain index within a user-specified window length and tests whether it is the highest (pivot high) or lowest (pivot low).

This method can return successive pivots of the same type, thus missing certain reversals, as such, we aimed to highlight those missed reversals and provide a level at their location to determine if they had any significant role to play. A zig-zag is additionally built, connecting regular pivots with missed reversals.

Settings

Pivot Length: Determine the "Bar Count Reversals" window size. higher values will highlight more significant reversals.


Other settings control the look of the displayed graphical elements within the indicator.

Usage

ảnh chụp nhanh


Missed reversals are highlighted by labels with a ghost emoji, a Zig-Zag line connecting a missed reversal is dashed. Note that labels are offset by -Pivot Length bars (with the exception of the most recent one), and as such are detected further ahead of their location.

When a missed reversal is detected, a level is displayed, starting at the location of the missed reversal and ending when a new missed reversal is detected.

These levels can be used as support and resistance.

The most recent label estimates the possible location of a confirmed reversal, and will continuously readjust whether price makes a new higher high/lower low depending on the type of previously detected pivot. A level is also made out of this estimated reversal.