// This is a PineScript code for Ethereum buy sell signals based on RSI and MACD indicators
// Disclaimer: This code is for educational purposes only and does not constitute financial advice. Use it at your own risk.
//@version=4
study(“Ethereum RSI MACD Strategy”, overlay=true)
// Define the RSI and MACD parameters
rsi_length = input(14, title=”RSI Length”)
rsi_overbought = input(70, title=”RSI Overbought Level”)
rsi_oversold = input(30, title=”RSI Oversold Level”)
macd_fast = input(12, title=”MACD Fast Length”)
macd_slow = input(26, title=”MACD Slow Length”)
macd_signal = input(9, title=”MACD Signal Length”)
// Calculate the RSI and MACD values
rsi = rsi(close, rsi_length)
macd = ema(close, macd_fast) – ema(close, macd_slow)
signal = sma(macd, macd_signal)
hist = macd – signal
// Plot the RSI and MACD indicators
plot(rsi, title=”RSI”, color=color.blue)
hline(rsi_overbought, title=”RSI Overbought”, color=color.red, linestyle=hline.style_dashed)
hline(rsi_oversold, title=”RSI Oversold”, color=color.green, linestyle=hline.style_dashed)
plot(macd, title=”MACD”, color=color.orange)
plot(signal, title=”Signal”, color=color.purple)
plot(hist, title=”Histogram”, color=color.gray, style=plot.style_histogram, transp=50)
// Define the buy and sell conditions
buy = crossover(rsi, rsi_oversold) and crossover(macd, signal)
sell = crossunder(rsi, rsi_overbought) and crossunder(macd, signal)
// Plot the buy and sell signals on the chart
plotshape(buy, title=”Buy”, style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)
plotshape(sell, title=”Sell”, style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small)
// Generate alerts for the buy and sell signals
alertcondition(buy, title=”Buy Alert”, message=”Buy Ethereum”)
alertcondition(sell, title=”Sell Alert”, message=”Sell Ethereum”)
