Bullish Bearish Signal with EMA Color + Labels

This script generates clear BUY and SELL signals based on a combination of trend direction, momentum, and confirmation from multiple indicators. It is intended to help traders identify strong bullish or bearish conditions using commonly trusted tools: EMA 200, MACD, and RSI.

🔍 How it works:
The strategy combines three key elements:

EMA 200 Trend Filter

Identifies the long-term trend:

Price above EMA200 → Bullish trend bias

Price below EMA200 → Bearish trend bias

The EMA line is color-coded:

🔵 Blue for bullish

🔴 Red for bearish

⚪ Gray for neutral/unclear

MACD Crossover

Detects shifts in market momentum:

Bullish: MACD line crosses above signal line

Bearish: MACD line crosses below signal line

RSI Confirmation

Adds an extra layer of confirmation:

Bullish: RSI is above its signal line

Bearish: RSI is below its signal line

✅ Signal Logic:
BUY Signal appears when:

Price > EMA200

MACD crosses up

RSI > its signal line

SELL Signal appears when:

Price < EMA200

MACD crosses down

RSI < its signal line

Labels will appear on the chart to highlight these events.

🔔 Alerts:
The script includes alerts for both Buy and Sell conditions, so you can be notified in real-time when they occur.

📈 How to Use:
Best used in trending markets.

Recommended for higher timeframes (1H and above).

May be combined with other tools such as support/resistance or candlestick analysis.

⚠️ Disclaimer: This script is intended for educational purposes only and does not constitute financial advice or a trading recommendation.