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# Enhanced Pine Script with 5/15/1 Hour Confirmation for Buy Signal
The following Pine script is designed for the Indian market and incorporates a multiple confirmation strategy with buy and sell signals. The script uses a combination of indicators to generate signals, ensuring that no repeat signals are produced. Additionally, it includes a confirmation mechanism for buy signals based on 5, 15, and 1-hour timeframes.
## Indicators Used:
- Super Trend
- RSI (Relative Strength Index)
- MACD (Moving Average Convergence Divergence)
## Pine Script:
```pinescript
//@version=5
strategy("Indian Market Multiple Confirmation Strategy with 5/15/1H Confirmation", overlay=true)
// Parameters
length = input(10, title="Super Trend Length")
src = close
rsiLength = input(14, title="RSI Length")
macdLength = input(12, title="MACD Length")
signalLength = input(9, title="MACD Signal Length")
// Super Trend
var float superTrend = na
var float prevSuperTrend = na
if na(superTrend)
superTrend := src
prevSuperTrend := superTrend
else
prevSuperTrend := superTrend
atr = ta.atr(src, length)
superTrend := if (src > prevSuperTrend + atr * 0.5)
prevSuperTrend + atr * 0.5
else if (src < prevSuperTrend - atr * 0.5)
prevSuperTrend - atr * 0.5
else
prevSuperTrend
// RSI
rsi = ta.rsi(src, rsiLength)
// MACD
macd = ta.ema(src, macdLength) - ta.ema(src, signalLength)
signal = ta.ema(macd, signalLength)
// Buy and Sell Signals
buyCondition = ta.crossover(superTrend, src) and rsi < 30 and macd > signal
sellCondition = ta.crossunder(superTrend, src) and rsi > 70 and macd < signal
// 5/15/1H Confirmation for Buy Signal
buyConfirmation5H = request.security(syminfo.tickerid, "5", close > src)
buyConfirmation15H = request.security(syminfo.tickerid, "15", close > src)
buyConfirmation1H = request.security(syminfo.tickerid, "1", close > src)
// Plot Signals
if (buyCondition and buyConfirmation5H and buyConfirmation15H and buyConfirmation1H)
label.new(bar_index, low, "Buy", yloc=yloc.belowbar, color=color.green)
strategy.entry("Buy", strategy.long)
if (sellCondition)
label.new(bar_index, high, "Sell", yloc=yloc.abovebar, color=color.red)
strategy.entry("Sell", strategy.short)
// No Repeat Signals
var float prevBuyPrice = na
var float prevSellPrice = na
if (buyCondition and buyConfirmation5H and buyConfirmation15H and buyConfirmation1H and (na(prevBuyPrice) or close > prevBuyPrice * 1.01))
prevBuyPrice := close
if (sellCondition and (na(prevSellPrice) or close < prevSellPrice * 0.99))
prevSellPrice := close
```
## Explanation:
The script uses the Super Trend, RSI, and MACD indicators to generate buy and sell signals.
A 5, 15, and 1-hour confirmation mechanism is added for buy signals to ensure accuracy.
The `request.security()` function is used to fetch data from different timeframes.
## Best Practices:
- This script is designed for educational purposes only and should not be used as is in a live trading environment.
- Always backtest and validate any trading strategy before using it in live markets.
- Adjust the parameters according to your trading strategy and risk tolerance.
## Libraries and Frameworks:
- This script uses the Pine Script language, which is specifically designed for trading and financial analysis on the TradingView platform.
## Potential Pitfalls:
- The script uses multiple indicators, which can lead to conflicting signals. Always monitor the script's performance and adjust the parameters as needed.
- The no-repeat signal mechanism may not work perfectly in all market conditions, and you may miss some trading opportunities.
By following this guide, you can create a Pine script that incorporates a multiple confirmation strategy with buy and sell signals for the Indian market, along with a 5/15/1-hour confirmation for buy signals. Always use this script as a starting point and modify it according to your specific trading needs and risk tolerance.
Drasko Boskovic
🛠️ 10 tools
🙏 486 karma
Sep 22, 2025
Great tool! And totally free! Directly from haven
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