OPEN-SOURCE SCRIPT

SPY EMA Envelope & Momentum Strategy

Indicator Description:
This script combines the EMA Envelope (50) with RSI (14) and MACD (12, 26, 9) to identify optimal buy and sell signals based on price momentum.

Features:
✅ EMA Envelope (50): Defines dynamic support/resistance levels
✅ RSI (14): Identifies overbought/oversold conditions for confirmation
✅ MACD (12, 26, 9): Detects trend momentum shifts
✅ Buy Signals: Triggered when price touches the lower EMA Envelope, RSI is oversold, and MACD shows bullish crossover
✅ Sell Signals: Triggered when price reaches the upper EMA Envelope, RSI is overbought, and MACD shows bearish crossover
✅ Custom Alerts: Get notified when buy or sell conditions are met

Best For:
📈 Intraday & Swing Trading on SPY, stocks, crypto, and forex

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