SCALPING 5MIN MACD & RSI with EMA20-200

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X: iman_inj
1. MACD (Moving Average Convergence Divergence)

Displays as a four-colored histogram.

Lime Green: Bullish momentum increasing.

Green: Bullish momentum decreasing.

Maroon: Bearish momentum increasing.

Red: Bearish momentum decreasing.


A zero line is added for trend confirmation.



2. RSI (Relative Strength Index)

Calculates RSI values based on the closing price.

Detects overbought (above 70) and oversold (below 25) zones.

Signals:

"Buy" appears when RSI crosses above 25 (oversold condition).

"Sell" appears when RSI crosses below 70 (overbought condition).




3. Buy/Sell Signal Placement

Signals are plotted on the MACD histogram to align RSI conditions with MACD momentum.

Green Labels: Indicate "Buy" opportunities.

Red Labels: Indicate "Sell" opportunities.