Pine Script for Binary Options Strategy with MACD, RCI, RCI3Lines and Bollinger Bands

BO_Strategy_with_MACD_RCI_RCI3Lines_and_BollingerBands.pine

@version=5
indicator(shorttitle="BO Strategy", title="Binary Options Strategy with MACD, RCI, RCI3Lines and Bollinger Bands", overlay=true)

// Inputs
src = close
length = 20
mult = 2.0

// Bollinger Bands
basis = ta.sma(src, length)
dev = mult * ta.stdev(src, length)
upperBB2 = basis + dev * 2
lowerBB2 = basis - dev * 2
upperBB3 = basis + dev * 3
lowerBB3 = basis - dev * 3

// MACD
fast_length = input(title="Fast Length", defval=12)
slow_length = input(title="Slow Length", defval=26)
signal_length = input.int(title="Signal Smoothing",  minval = 1, maxval = 50, defval = 9)
sma_source = input.string(title="Oscillator MA Type",  defval="EMA", options=["SMA", "EMA"])
sma_signal = input.string(title="Signal Line MA Type", defval="EMA", options=["SMA", "EMA"])
fast_ma = sma_source == "SMA" ? ta.sma(src, fast_length) : ta.ema(src, fast_length)
slow_ma = sma_source == "SMA" ? ta.sma(src, slow_length) : ta.ema(src, slow_length)
macdLine = fast_ma - slow_ma
signalLine = sma_signal == "SMA" ? ta.sma(macdLine, signal_length) : ta.ema(macdLine, signal_length)

// RCI
rci = ta.rci(src, 9)

// Buy (Call) condition
buyCondition = ta.crossover(macdLine, signalLine) and rci > -80 and (close > lowerBB2 or close > lowerBB3)

// Sell (Put) condition
sellCondition = ta.crossunder(macdLine, signalLine) and rci < 80 and (close < upperBB2 or close < upperBB3)

// Plotting
plotshape(series=buyCondition, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="Buy")
plotshape(series=sellCondition, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="Sell")

// Alerts
alertcondition(buyCondition, title='Buy Signal', message='Buy Signal detected!')
alertcondition(sellCondition, title='Sell Signal', message='Sell Signal detected!')