RSI + EMA + Stoch RSI Combo

Description:

This indicator combines three powerful momentum tools — RSI, EMA, and Stochastic RSI — to provide more refined entry and exit signals.

What it does:
• Calculates Relative Strength Index (RSI) and applies an Exponential Moving Average (EMA) to it for smoother trend confirmation.
• Adds Stochastic RSI (Stoch RSI) with adjustable %K and %D settings.
• Generates Buy signals when:
• Stoch RSI %K crosses above %D,
• %K is below 20,
• RSI is below 40,
• and RSI is above its EMA.
• Generates Sell signals when:
• %K crosses below %D,
• %K is above 80,
• RSI is above 60,
• and RSI is below its EMA.
• Visual elements include RSI EMA line, overbought/oversold levels, and Stoch RSI plots.

Use case:
Perfect for traders looking for a multi-indicator confirmation system. Best used on 1H or 4H timeframes, but works across all timeframes.

Alerts for Buy and Sell signals are included.

Feel free to tweak the parameters for your own strategy and market conditions!