OPEN-SOURCE SCRIPT
Jafar's DEMA & PSAR Indicator
It flags stocks when ALL are true:
✅ Uptrend (EMA 50 > EMA 200)
✅ DEMA 12 crosses above DEMA 20
✅ RSI between 55–70
✅ Volume spike (>1.5× avg)
👉 You’ll see:
Green BUY label
Background highlight
Alert capability
✅ Uptrend (EMA 50 > EMA 200)
✅ DEMA 12 crosses above DEMA 20
✅ RSI between 55–70
✅ Volume spike (>1.5× avg)
👉 You’ll see:
Green BUY label
Background highlight
Alert capability
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.