Buy/Sell Indicator

Simple Buy Sell script created with Chatgpt

Explanation of Script

Exponential Moving Averages (EMAs): The script calculates a fast EMA and a slow EMA to determine the market trend. A bullish trend is identified when the fast EMA is above the slow EMA, and a bearish trend is identified when the fast EMA is below the slow EMA.

Relative Strength Index (RSI): The RSI is used to measure momentum. A buy signal is generated when the RSI is below 30 (indicating oversold conditions) within a bullish trend, and a sell signal is generated when the RSI is above 70 (indicating overbought conditions) within a bearish trend.

Signal Plotting: The script plots buy and sell signals directly on the chart, represented by green and red labels, respectively. It also plots the fast and slow EMAs for visual reference.