Call and Put Signals with Alerts

ayer

//version=5
indicator("Call and Put Signals with Alerts", overlay=true)

// Input parameters for the RSI and Moving Averages
rsiLength = input.int(14, title="RSI Length")
rsiOverbought = input.int(70, title="RSI Overbought Level")
rsiOversold = input.int(30, title="RSI Oversold Level")
shortMaLength = input.int(50, title="Short MA Length")
longMaLength = input.int(200, title="Long MA Length")

// Calculate the RSI and Moving Averages
rsi = ta.rsi(close, rsiLength)
shortMa = ta.sma(close, shortMaLength)
longMa = ta.sma(close, longMaLength)

// Define the conditions for Call (Buy) and Put (Sell) signals
callCondition = (rsi < rsiOversold) and (shortMa > longMa) // RSI oversold and short MA above long MA (bullish)
putCondition = (rsi > rsiOverbought) and (shortMa < longMa) // RSI overbought and short MA below long MA (bearish)

// Plot Call and Put signals on the chart
plotshape(series=callCondition, location=location.belowbar, color=color.green, style=shape.labelup, title="Call Signal", text="CALL")
plotshape(series=putCondition, location=location.abovebar, color=color.red, style=shape.labeldown, title="Put Signal", text="PUT")

// Plot the Moving Averages for trend visualization
plot(shortMa, color=color.blue, title="Short MA")
plot(longMa, color=color.orange, title="Long MA")

// Alert conditions for Call and Put signals
alertcondition(callCondition, title="Call Alert", message="Call (Buy) Signal - RSI Oversold & Short MA > Long MA")
alertcondition(putCondition, title="Put Alert", message="Put (Sell) Signal - RSI Overbought & Short MA < Long MA")