OPEN-SOURCE SCRIPT
S76 - Multi-Indicator Combo
This custom indicator combines five powerful technical analysis tools into a single script to help you identify strong buy signals during upward price movements. It’s designed for use in both spot trading and stock markets.
1. Momentum
Calculated as the difference between the current price and the price from 14 periods ago.
A positive value indicates upward momentum — the price is gaining strength.
2. Moving Average (MA)
A 50-period Simple Moving Average (SMA).
If the price is above the MA, it suggests an uptrend is in place.
3. RSI (Relative Strength Index)
Measures whether the asset is overbought or oversold.
A value below 70 means the asset is not yet overbought — leaving room for further growth.
4. MACD
Based on the difference between two EMAs (12 and 26), plus a signal line (9-period EMA of MACD).
If MACD is above the signal line, it confirms bullish momentum.
5. Bollinger Bands
Shows volatility and potential breakout zones.
If the price breaks above the upper band, it may signal a strong upward move.
✅ Buy Signal Logic
The indicator plots a green marker below the candle when all of the following conditions are met:
Momentum > 0
Price > MA
RSI < 70
MACD > Signal Line
Price > Upper Bollinger Band
This combination suggests the price is rising with strength, in a confirmed trend, not yet overbought, and supported by volatility — a prime entry point.
📌 How to Use It
On TradingView: Add the indicator to your chart and watch for green markers as potential buy signals.
For spot and stock trading: Use it to time entries into assets like stocks, ETFs, or cryptocurrencies.
Customization: You can adjust the lengths of MA, RSI, and other components to match your trading style.
1. Momentum
Calculated as the difference between the current price and the price from 14 periods ago.
A positive value indicates upward momentum — the price is gaining strength.
2. Moving Average (MA)
A 50-period Simple Moving Average (SMA).
If the price is above the MA, it suggests an uptrend is in place.
3. RSI (Relative Strength Index)
Measures whether the asset is overbought or oversold.
A value below 70 means the asset is not yet overbought — leaving room for further growth.
4. MACD
Based on the difference between two EMAs (12 and 26), plus a signal line (9-period EMA of MACD).
If MACD is above the signal line, it confirms bullish momentum.
5. Bollinger Bands
Shows volatility and potential breakout zones.
If the price breaks above the upper band, it may signal a strong upward move.
✅ Buy Signal Logic
The indicator plots a green marker below the candle when all of the following conditions are met:
Momentum > 0
Price > MA
RSI < 70
MACD > Signal Line
Price > Upper Bollinger Band
This combination suggests the price is rising with strength, in a confirmed trend, not yet overbought, and supported by volatility — a prime entry point.
📌 How to Use It
On TradingView: Add the indicator to your chart and watch for green markers as potential buy signals.
For spot and stock trading: Use it to time entries into assets like stocks, ETFs, or cryptocurrencies.
Customization: You can adjust the lengths of MA, RSI, and other components to match your trading style.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.