1-40-F&O EMA Screener
This Pine Script is a TradingView indicator named "1-40-F&O EMA Screener." It calculates and displays four moving averages (MA1, MA2, MA3, and MA4) and the Relative Strength Index (RSI) on a chart. The script generates buy and short signals based on certain conditions involving the moving averages and RSI. Additionally, it includes a screener section that displays a table of symbols with buy and short signals.
Here's a breakdown of the key components:
Moving Averages (MAs):
MA1: Simple Moving Average with length len1 (green line).
MA2: Simple Moving Average with length len2 (red line).
MA3: Simple Moving Average with length len3 (orange line).
MA4: Simple Moving Average with length len4 (black line).
Relative Strength Index (RSI):
The RSI is calculated with a length of rsiLengthInput and a source specified by rsiSourceInput.
Conditions for Buy and Short Signals:
Buy Signal: When MA1 is above MA2 and MA3, and RSI is above 50.
Short Signal: When MA1 is below MA2 and MA3, and RSI is below 50.
Signal Plots:
Buy signals are plotted as "B" below the corresponding bars.
Short signals are plotted as "S" above the corresponding bars.
Background Coloring:
Bars are colored based on their opening and closing prices.
Screener Section:
The script defines a watchlist (gticker) with 40 predefined symbols.
It then calls the getSignal function for each symbol to identify buy and short signals.
The results are displayed in a table with long signals in green and short signals in red.
Table Theming:
The script allows customization of the table's background, frame, and text colors, as well as the text size.
The table's location on the chart can also be customized.
Here's a breakdown of the key components:
Moving Averages (MAs):
MA1: Simple Moving Average with length len1 (green line).
MA2: Simple Moving Average with length len2 (red line).
MA3: Simple Moving Average with length len3 (orange line).
MA4: Simple Moving Average with length len4 (black line).
Relative Strength Index (RSI):
The RSI is calculated with a length of rsiLengthInput and a source specified by rsiSourceInput.
Conditions for Buy and Short Signals:
Buy Signal: When MA1 is above MA2 and MA3, and RSI is above 50.
Short Signal: When MA1 is below MA2 and MA3, and RSI is below 50.
Signal Plots:
Buy signals are plotted as "B" below the corresponding bars.
Short signals are plotted as "S" above the corresponding bars.
Background Coloring:
Bars are colored based on their opening and closing prices.
Screener Section:
The script defines a watchlist (gticker) with 40 predefined symbols.
It then calls the getSignal function for each symbol to identify buy and short signals.
The results are displayed in a table with long signals in green and short signals in red.
Table Theming:
The script allows customization of the table's background, frame, and text colors, as well as the text size.
The table's location on the chart can also be customized.
リリースノート:
This Pine Script is a TradingView indicator named "1-40-F&O EMA Screener." It calculates and displays four moving averages (MA1, MA2, MA3, and MA4) and the Relative Strength Index (RSI) on a chart. The script generates buy and short signals based on certain conditions involving the moving averages and RSI. Additionally, it includes a screener section that displays a table of symbols with buy and short signals.
Here's a breakdown of the key components:
Moving Averages (MAs):
MA1: Simple Moving Average with length len1 (green line).
MA2: Simple Moving Average with length len2 (red line).
MA3: Simple Moving Average with length len3 (orange line).
MA4: Simple Moving Average with length len4 (black line).
Relative Strength Index (RSI):
The RSI is calculated with a length of rsiLengthInput and a source specified by rsiSourceInput.
Conditions for Buy and Short Signals:
Buy Signal: When MA1 is above MA2 and MA3, and RSI is above 50.
Short Signal: When MA1 is below MA2 and MA3, and RSI is below 50.
Signal Plots:
Buy signals are plotted as "B" below the corresponding bars.
Short signals are plotted as "S" above the corresponding bars.
Background Coloring:
Bars are colored based on their opening and closing prices.
Screener Section:
The script defines a watchlist (gticker) with 40 predefined symbols.
It then calls the getSignal function for each symbol to identify buy and short signals.
The results are displayed in a table with long signals in green and short signals in red.
Table Theming:
The script allows customization of the table's background, frame, and text colors, as well as the text size.
The table's location on the chart can also be customized.
Here's a breakdown of the key components:
Moving Averages (MAs):
MA1: Simple Moving Average with length len1 (green line).
MA2: Simple Moving Average with length len2 (red line).
MA3: Simple Moving Average with length len3 (orange line).
MA4: Simple Moving Average with length len4 (black line).
Relative Strength Index (RSI):
The RSI is calculated with a length of rsiLengthInput and a source specified by rsiSourceInput.
Conditions for Buy and Short Signals:
Buy Signal: When MA1 is above MA2 and MA3, and RSI is above 50.
Short Signal: When MA1 is below MA2 and MA3, and RSI is below 50.
Signal Plots:
Buy signals are plotted as "B" below the corresponding bars.
Short signals are plotted as "S" above the corresponding bars.
Background Coloring:
Bars are colored based on their opening and closing prices.
Screener Section:
The script defines a watchlist (gticker) with 40 predefined symbols.
It then calls the getSignal function for each symbol to identify buy and short signals.
The results are displayed in a table with long signals in green and short signals in red.
Table Theming:
The script allows customization of the table's background, frame, and text colors, as well as the text size.
The table's location on the chart can also be customized.