SOL Multi-Indicator Strategy

This strategy is designed to identify potential trading opportunities in the Solana (SOL) market by combining trend, momentum, and overbought/oversold indicators. Here’s how it works:

1. **Trend Detection with EMAs:**
- The strategy calculates two exponential moving averages (EMAs): a **fast EMA** (shorter period) and a **slow EMA** (longer period).
- **Buy Signal:** When the fast EMA crosses above the slow EMA, it suggests that the short-term price momentum is turning bullish.
- **Sell Signal:** Conversely, when the fast EMA crosses below the slow EMA, it indicates a potential downturn.

2. **Momentum and Overbought/Oversold Check with RSI:**
- The Relative Strength Index (RSI) is used to measure whether the market is overbought or oversold.
- **Buy Signal:** An RSI value below the oversold threshold (e.g., 30) suggests that the market may be undervalued and could be due for a bounce.
- **Sell Signal:** An RSI value above the overbought threshold (e.g., 70) indicates that the market might be overextended and due for a reversal.

3. **Additional Momentum Confirmation with MACD:**
- The MACD (Moving Average Convergence Divergence) indicator is used to gauge momentum changes.
- **Buy Signal:** A bullish crossover, where the MACD line crosses above its signal line, adds further confirmation that upward momentum is building.
- **Sell Signal:** A bearish crossover, where the MACD line crosses below its signal line, reinforces the possibility of declining momentum.

4. **Entry and Exit Conditions:**
- **Entry (Buy):** The strategy initiates a long position when all the following conditions are met:
- The fast EMA crosses above the slow EMA.
- The RSI is below the oversold threshold.
- The MACD line crosses above its signal line.
- **Exit (Sell):** The strategy exits the long position when any one of these conditions occurs:
- The fast EMA crosses below the slow EMA.
- The RSI rises above the overbought threshold.
- The MACD line crosses below its signal line.

5. **Plotting for Visual Confirmation:**
- The EMAs, RSI, and MACD lines are plotted on the chart. The use of `color.new()` ensures that the plotted lines have the desired transparency, making the visual representation clearer.

**Note:**
- This is an example strategy and should be thoroughly backtested and optimized before being used with real money.
- The script does not include additional risk management measures (like stop losses or position sizing beyond a percentage of equity), so you might want to incorporate those based on your trading requirements.

This multi-indicator approach aims to filter out false signals by requiring confirmation from multiple technical tools, ideally helping you capture strong moves in the SOL market.