A breakout indicator that identifies bullish entry signals by aligning multiple technical indicators like EMA, SMA, RSI, Volume, and MACD. Fully customizable and reliable for identifying safe and high-probability trades.
This indicator is designed to detect bullish breakout signals by combining several key technical indicators. It ensures a high probability of successful trades by requiring multiple conditions to align. The script is highly configurable to suit different trading styles and preferences.
NOTE: the indicator will only appear, if the price is above 200 period EMA.
### Indicators Used: 1. **Exponential Moving Averages (EMA):** - The price must be above the 200 EMA (a strong bullish signal). - A crossover of the 21 EMA above the 50 EMA confirms a short-term bullish trend.
2. **Simple Moving Average (SMA):** - 9-period SMA crossing above the 21 EMA provides additional confirmation.
3. **Volume Surge:** - The volume must be significantly higher than its recent average (customizable with a multiplier).
4. **Relative Strength Index (RSI):** - RSI must fall within a configurable range (default: between 40 and 50 or higher for strong momentum).
5. **MACD Crossover:** - The MACD line crossing above the signal line indicates bullish momentum.
### Key Features: - **Safe & Reliable:** Requires mandatory conditions (price above 200 EMA + volume surge) and allows users to define the number of additional conditions (RSI, EMA/SMA crossovers, or MACD crossover). - **Highly Customizable:** All parameters (e.g., EMA/SMA lengths, RSI levels, volume lookback) are fully adjustable. - **Visual Signals:** Generates a green triangle for the breakout signal, optimized for visibility in both light and dark modes. - **Debugging Option:** View the status of individual conditions via the style settings. - **Alerts:** Get notified whenever a breakout signal is triggered.
This indicator is a valuable tool for traders seeking confidence in their breakout strategies.
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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