OPEN-SOURCE SCRIPT

ayan BTC RADAR

//version=6
indicator("FIROZ BTC RADAR", overlay=true, max_labels_count=500)

//====================
// INPUTS
//====================
rsiLength = input.int(14, "RSI Length")
rsiOB = input.int(70, "RSI Overbought")
rsiOS = input.int(30, "RSI Oversold")

fastLen = input.int(12, "MACD Fast")
slowLen = input.int(26, "MACD Slow")
signalLen = input.int(9, "MACD Signal")

//====================
// RSI
//====================
rsi = ta.rsi(close, rsiLength)

//====================
// MACD
//====================
[macdLine, signalLine, hist] = ta.macd(close, fastLen, slowLen, signalLen)

//====================
// BUY / SELL
//====================
buySignal = ta.crossover(hist, 0) and ta.crossover(rsi, rsiOS)
sellSignal = ta.crossunder(hist, 0) and ta.crossunder(rsi, rsiOB)

//====================
// TREND
//====================
string trend = hist >= 0 ? "Bullish" : "Bearish"

//====================
// CONFIDENCE
//====================
int confidence = 60

if buySignal
confidence := 95
else if sellSignal
confidence := 95
else if hist > 0 and rsi > 50
confidence := 80
else if hist < 0 and rsi < 50
confidence := 80
else
confidence := 60

//====================
// BUY LABEL
//====================
if buySignal
label.new(
bar_index + 2,
low,
"🟢 BUY\n" + str.tostring(confidence) + "%",
style=label.style_label_up,
color=color.green,
textcolor=color.white)

//====================
// SELL LABEL
//====================
if sellSignal
label.new(
bar_index + 2,
high,
"🔴 SELL\n" + str.tostring(confidence) + "%",
style=label.style_label_down,
color=color.red,
textcolor=color.white)

//====================
// ALERTS
//====================
alertcondition(buySignal, title="BUY", message="FIROZ BTC RADAR BUY")
alertcondition(sellSignal, title="SELL", message="FIROZ BTC RADAR SELL")

Open-source script

In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

firozbaig9731

Disclaimer

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Open-source script

firozbaig9731