Code:
📄 Description :
Introducing Kamal V2, a versatile and visually clean buy/sell signal indicator designed for TradingView. This script combines key technical factors like Candle Stability, RSI levels, and Engulfing Patterns to generate meaningful trading signals while minimizing noise.
💡 Core Features:
📉 Smart Buy/Sell Detection: Based on bullish/bearish engulfing candles with confirmed RSI and trend filters.
📊 Customizable Parameters: Adjust stability sensitivity, RSI threshold, and candle delta period.
🚫 Anti-Noise Option: Toggle to disable repeating signals for cleaner charts.
🎨 Label Customization: Choose from bubbles, triangles, or arrows; full color and text control.
📱 Telegram Integration: Stay updated with alerts and an optional dashboard banner promoting a Telegram community.
🔔 Alerts Included: BUY and SELL signal alerts to help automate your notifications.
This script works across various timeframes and assets. Ideal for traders who appreciate a visual and flexible signal tool with strong entry confirmation logic.
🔍 Script Analysis:
Signal Logic:
Bullish Signal (BUY) is triggered when:
A bullish engulfing candle is detected.
The candle is “stable” (low wick-to-body ratio).
RSI is below the user-defined threshold (indicating potential oversold conditions).
Price has decreased over the selected delta period (signaling potential reversal).
Bearish Signal (SELL) is triggered with the opposite logic:
A bearish engulfing pattern.
Candle stability.
RSI above the upper threshold.
Price has increased over the defined delta period.DOWNLOAD TRADING VIEW SCRIPT :