PROTECTED SOURCE SCRIPT
ALISHBA 02 [CLEVER]
The provided Pine Script code defines a comprehensive trading indicator named "ALISHBA 02". It combines two primary technical analysis tools—Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI)—along with visual enhancements for identifying trading sessions and general trend conditions.
Here is a description of its main components:
1. EMA System (Trend Following)
The core of the indicator uses two EMAs to determine the current market trend:
Fast EMA (default 50 periods)
Slow EMA (default 200 periods)
EURCHF 
USOIL 
EURUSD 
XAUUSD 
BTCUSD
Key Features:
Trend Identification: When the fast EMA is above the slow EMA, the indicator considers the trend bullish; when the fast EMA is below, the trend is bearish.
Visuals:
The two EMA lines can be displayed (emaFastColor, emaSlowColor).
The area between the two EMAs is filled with a "cloud" that changes color (lime for bullish, red for bearish) to visualize the current trend direction.
Optionally colors the price bars themselves based on the EMA trend.
Signals: It plots "BUY" (triangle up) and "SELL" (triangle down) signals on the chart when the fast EMA crosses over or under the slow EMA, respectively.
2. RSI System (Momentum & Overbought/Oversold)
A 14-period RSI is used to gauge momentum and identify potential reversal points:
Key Features:
Signals:
A "RSI BUY" (circle) signal is plotted when the RSI crosses up from the oversold threshold (default 20).
A "RSI SELL" (circle) signal is plotted when the RSI crosses down from the overbought threshold (default 80).
3. Session Zones (Intraday Timing)
The indicator is designed to help intraday traders visualize when major global markets are active by highlighting specific time windows with background colors:
Asian Session: 00:00 - 08:00 (aqua background)
London Session: 08:00 - 16:00 (orange background)
New York Session: 13:00 - 21:00 (fuchsia background)
4. Alerts
The script includes built-in alert conditions for all major events:
Bullish EMA Cross
Bearish EMA Cross
RSI Buy signal (crossing 20)
RSI Sell signal (crossing 80)
Summary of Function
The "ALISHBA 02" indicator is a multi-tool dashboard for technical analysis. It combines a long-term trend filter (200 EMA), a medium-term trend filter (50 EMA), momentum analysis (RSI), and geographic session timing to provide a holistic view of market conditions directly on the price chart.
Here is a description of its main components:
1. EMA System (Trend Following)
The core of the indicator uses two EMAs to determine the current market trend:
Fast EMA (default 50 periods)
Slow EMA (default 200 periods)
EURCHF USOIL EURUSD XAUUSD BTCUSD Key Features:
Trend Identification: When the fast EMA is above the slow EMA, the indicator considers the trend bullish; when the fast EMA is below, the trend is bearish.
Visuals:
The two EMA lines can be displayed (emaFastColor, emaSlowColor).
The area between the two EMAs is filled with a "cloud" that changes color (lime for bullish, red for bearish) to visualize the current trend direction.
Optionally colors the price bars themselves based on the EMA trend.
Signals: It plots "BUY" (triangle up) and "SELL" (triangle down) signals on the chart when the fast EMA crosses over or under the slow EMA, respectively.
2. RSI System (Momentum & Overbought/Oversold)
A 14-period RSI is used to gauge momentum and identify potential reversal points:
Key Features:
Signals:
A "RSI BUY" (circle) signal is plotted when the RSI crosses up from the oversold threshold (default 20).
A "RSI SELL" (circle) signal is plotted when the RSI crosses down from the overbought threshold (default 80).
3. Session Zones (Intraday Timing)
The indicator is designed to help intraday traders visualize when major global markets are active by highlighting specific time windows with background colors:
Asian Session: 00:00 - 08:00 (aqua background)
London Session: 08:00 - 16:00 (orange background)
New York Session: 13:00 - 21:00 (fuchsia background)
4. Alerts
The script includes built-in alert conditions for all major events:
Bullish EMA Cross
Bearish EMA Cross
RSI Buy signal (crossing 20)
RSI Sell signal (crossing 80)
Summary of Function
The "ALISHBA 02" indicator is a multi-tool dashboard for technical analysis. It combines a long-term trend filter (200 EMA), a medium-term trend filter (50 EMA), momentum analysis (RSI), and geographic session timing to provide a holistic view of market conditions directly on the price chart.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.