Simplified Indicator: Single Buy Signal

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Script Overview: Simplified Indicator for Smart Entry and Exit Signals
This Pine Script is designed to provide clear BUY, SUPER BUY, and SELL signals based on simple, reliable conditions, specifically targeting users who trade based on momentum, trend strength, and volume. The indicator ensures a clutter-free chart by generating non-repetitive signals, making it ideal for daily chart traders.

Features and Logic
1. BUY Signal
Condition: A BUY signal is triggered when:
The RSI crosses above 60 from below (indicating strong momentum).
The Rate of Change (ROC) is above 0 (indicating upward price movement).
The price is above the 21-period Exponential Moving Average (EMA) (indicating an uptrend).
Frequency: The BUY signal appears only once while the conditions are met and remains suppressed until a SELL signal resets the state.
2. SUPER BUY Signal
Condition: A SUPER BUY signal is triggered when all the BUY conditions are met, plus:
The trading volume is at least 1.5 times the 20-period average volume.
Purpose: This highlights moments of significant buying pressure, signaling a potential breakout or continuation of a strong trend.
3. SELL Signal
Condition: A SELL signal is triggered when:
The RSI moves below 50 (indicating weakening momentum).
Two consecutive daily closes are lower than the previous candle’s close (indicating a downtrend is forming).
Effect: A SELL resets the state, allowing new BUY or SUPER BUY signals to be generated when conditions are met again.
How the Script Works
Momentum & Trend Detection:

The script uses RSI and ROC to detect the strength of the trend and momentum.
The 21-period EMA acts as a trend filter to ensure signals align with the broader market direction.
Volume-Based Enhancements:

Average volume conditions ensure only significant buying moments trigger SUPER BUY signals, reducing noise from low-volume moves.
Signal Optimization:

The script prevents repeated signals by tracking whether a position is currently active (using the inPosition variable).
This creates a cleaner chart, focusing only on actionable signals.
Flexibility:

Adjustable inputs for RSI, ROC, EMA period, and volume multiplier make it customizable for various trading styles.
How to Use This Indicator
BUY: Look for BUY signals to enter long positions when the stock shows strength in momentum and aligns with the uptrend.
SUPER BUY: Prioritize SUPER BUY signals for more aggressive entries, as these indicate high conviction moments with strong volume.
SELL: Use SELL signals to exit positions when momentum and price action weaken.
Customizable Inputs
ROC Length: The period for the Rate of Change calculation.
RSI Length: The period for the Relative Strength Index.
EMA Period: The period for the Exponential Moving Average.
Volume Multiplier: The factor for detecting high-volume conditions for SUPER BUY signals.
Average Volume Period: The period for calculating average volume.
Visualization
BUY: Appears as green text below the candle when conditions are met.
SUPER BUY: Appears as blue text below the candle, signifying stronger buying conditions.
SELL: Appears as red text above the candle to mark exit opportunities.
This indicator simplifies decision-making by combining robust technical criteria into actionable signals. It's ideal for swing traders and long-term investors looking for clear, data-driven entry and exit points.