📌 Talha's Pro Signal - Description Talha's Pro Signal is a trend-following indicator that combines Exponential Moving Averages (EMA), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) to provide precise Buy and Sell signals.
🔍 How it Works? 1️⃣ Trend Detection:
The script uses EMA 9 & EMA 21 crossover to detect trend direction. When EMA 9 crosses above EMA 21, it indicates a bullish trend (Buy Signal). When EMA 9 crosses below EMA 21, it indicates a bearish trend (Sell Signal). 2️⃣ Momentum Confirmation (RSI & MACD):
RSI (14) > 50 confirms bullish momentum. MACD Line > Signal Line confirms buying strength. Opposite conditions confirm selling strength. 3️⃣ Stop-Loss & Take-Profit Calculation:
Uses ATR (14) for dynamic SL & TP calculation. Stop-loss = 1.5 × ATR. Take-profit = 2 × ATR. 🎯 Best Used For: ✅ Suitable for Forex, Crypto, and Stocks. ✅ Works best on higher timeframes (15m, 1H, 4H, Daily). ✅ Helps traders avoid false signals by combining trend + momentum confirmation.