OPEN-SOURCE SCRIPT

Daily Buy Signal – RSI/EMA21

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Daily Buy Signal – RSI/EMA21


A simple technical signal that identifies potential daily buy opportunities using RSI and EMA21 alignment.


This script generates a daily buy signal when momentum and trend strength align.
The signal triggers when the price closes above the 21-period EMA and the RSI(14) crosses above the 50 level, or when both the RSI stays above 50 and the price shifts from closing below the EMA21 to closing above it.
A label is plotted below the candle, and the script includes an alert condition so users can receive real-time notifications.

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