EMA, RSI OVERBOUGHT OR OVERSOLD AND MACD_CROSS INDICATOR - Webull Day Trading Custom Indicator Script

Webull is a great platform especially for retail traders, but its default indicators are limited. This bundle unlocks the power of custom scripting to give you professional-grade signals directly on your chart.

EMA, RSI OVERBOUGHT OR OVERSOLD AND MACD_CROSS INDICATOR - This indicator combines EMA Cloud, RSI OB / OS and MACD_Cross indicators. This is a powerful trend reversal indicator that uses the combined confluences of EMAs, MACD and RSI.

• What it is: Red circle shows RSI overbought condition and an incoming possible reversal to the downside. Green circle shows RSI oversold condition and an incoming possible reversal to the upside. (Indicator setting allows for indicator circles color change, and shape change – circle, cross, histogram, columns, etc, as needed)
• Yellow cross shows the signal line crosses above the MACD line and purple cross shows the signal line crosses below the MACD line (Indicator setting allows for cross color change, and shape change – circle, cross, histogram, columns, etc, as needed)
• Green Circle: oversold condition and an incoming possible reversal to the upside. This is a potential Buy/Long signal.
• Red Circle: overbought condition and an incoming possible reversal to the downside. This is a potential Sell/Short signal.
• Yellow Cross: signal line crosses above the MACD line – may show an incoming possible reversal to the upside. This is a potential Buy/Long signal.
• Purple Cross: signal line crosses below the MACD line – may show an incoming possible reversal to the downside. This is a potential Sell/Short signal.
• Green Cloud: The 9 EMA is above the 20 EMA. This indicates a Bullish Trend (Uptrend).
• Red Cloud: The 9 EMA is below the 20 EMA. This indicates a Bearish Trend (Downtrend).
• Strategy: Look for long trades when the circle is Green and short trades when the circle is Red. Look for long trades when the cross is yellow and short trades when the cross is purple.