Buy on Blue, Sell on Red (EMA + optional RSI) TyusE

This indicator is a trend-following system that helps traders identify potential buy and sell opportunities using a combination of EMA crossovers and an optional RSI filter for confirmation.

It plots:

🔵 Blue dots (BUY signals) when the fast EMA crosses above the slow EMA — signaling bullish momentum.

🔴 Red dots (SELL signals) when the fast EMA crosses below the slow EMA — signaling bearish momentum.

You can optionally filter these signals using the RSI (Relative Strength Index) to avoid false breakouts — for example, only taking BUY signals when RSI is above 55 (showing strength) and SELL signals when RSI is below 45 (showing weakness).

⚙️ Features

Adjustable Fast EMA and Slow EMA lengths

Optional RSI confirmation filter

Customizable RSI thresholds for entries

“Confirm on bar close” setting to reduce repainting

Built-in alert conditions for real-time notifications

💡 How to Use

Use blue dots as potential long entries and red dots as potential short entries.

Confirm direction with overall trend, structure, or higher timeframe alignment.

Combine with support/resistance, volume, or price action for best results.

⚠️ Note

This is a technical tool, not financial advice. Always backtest and use proper risk management before trading live markets.
T.E