Impulse Alerts - Riccardo Di Giacomo

This is the Impulse indicator that allows you to receive alerts in the case one of the following situation occurs:

1) Buy Setup
- Price above Exponential Moving Average 260
- Moving Average 21 above Exponential Moving Average 260
- Moving Average 9 above Moving Average 21
- RSI(14) above 50
- Stochastic equal or below 20

2) Sell Setup
- Price below Exponential Moving Average 260
- Moving Average 21 below Exponential Moving Average 260
- Moving Average 9 below Moving Average 21
- RSI(14) below 50
- Stochastic equal or above 80

The Bollinger Bands represents another useful information:
- If the price is near the upper band when the first situation occurs, it is another green light, otherwise be careful
- If the price is near the lower band when the second situation occurs, it is another green light, otherwise be careful

Versionsinformation:

Fixed Bollinger Bands Length

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Changed Moving Average to Exponential Moving Average

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Update slow EMA from length 260 to 230

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The script shows blue arrows below the price whenever there is a buy setup and red arrows above the price whenever there is a sell setup.