Enter on breakout candle. met condition candle is where we enter Purpose: The script highlights candles on a daily chart that meet specific price and RSI-based conditions.
Conditions Checked: 2 days ago, the close was less than the open. 1 day ago, the close was greater than the open. The daily close is greater than the high from 2 days ago. The daily close is greater than the high from 1 day ago. The daily close is greater than the daily open. RSI Filters: Any of the following RSI conditions must also be met:
RSI 2 days ago is less than 20. RSI 1 day ago is less than 20. RSI today is less than 20. Result: When all 5 price conditions and any of the RSI filters are met, the script:
Plots a green upward arrow below the candle. Draws a green vertical line at the candle. Optionally, plot a green downward triangle below the candle. This helps visually identify key trading signals based on a daily chart's price movement and RSI llevels