Buy/Sell Signal based on RSI, Teen ka Tarka by Waqas

RSI-Based Buy/Sell Strategy - Teen Ka Tarka 🎯
🚀 By Waqas

📌 Overview:
This Pine Script indicator provides Buy & Sell signals based on RSI, SMA, and dynamic stop-loss adjustments to help traders identify potential entry and exit points efficiently.

📌 How It Works:

Buy Signal (🟢)

Price is above SMA 45 & SMA 200
RSI crosses above 60
The stock breaks the previous high
Sell Signal (🔴)

Price falls below the dynamically adjusted stop-loss
RSI drops below 60
📌 Stop-Loss Strategy:

Initial Stop-Loss = 8% below Buy Price
If price increases 10%, Stop-Loss moves to Break-Even
If price increases further, Stop-Loss dynamically trails the price
📌 Features:
✅ Dynamic Stop-Loss – Adjusts as price moves up 📈
✅ Simple & Effective RSI-Based Strategy 📊
✅ Works on Crypto, Stocks & Forex 🌍
✅ Buy/Sell Alerts Enabled 🔔

🛠️ How to Use:
1️⃣ Add this indicator to your TradingView chart.
2️⃣ Look for Buy (🟢) and Sell (🔴) labels.
3️⃣ Set up alerts for automated notifications.

💬 Feedback & Improvements:
Let me know how this strategy works for you! Feel free to suggest enhancements or optimizations. 🚀