// This source code is subject to the terms of the Mozilla Public License 2.0 at
https://mozilla.org/MPL/2.0/
// © ahmedirshad419
//@version=4
study("EngulfingCandle", overlay=true )
bullishCandle=close >= open[1] and close[1] < open[1] //and high >= high[1] and low <= low[1]
bearishCandle=close <= open[1] and close[1] >open[1] //and high > high[1] and low < low[1]
// RSI integration
rsiSource=input(title="rsiSource", defval=close, type=input.source)
rsiLenghth=input(title="rsi length", type=input.integer, defval=14)
rsiOverBought=input(title="rsi overbought level", type=input.integer, defval=70)
rsiOverSold=input(title="rsi over sold level", type=input.integer, defval=30)
//rsiOverBoughtThreshold=input(title="rsiOBThreshold level", type=input.integer, defval=97)
//rsiOverSoldThreshold=input(title="rsiOSThreshold level", type=input.integer, defval=18)
//get RSI value
rsiValue=rsi(rsiSource,rsiLenghth)
isRSIOB=rsiValue >= rsiOverBought and rsiValue
isRSIOS=rsiValue <= rsiOverSold and rsiValue
tradeSignal=((isRSIOS or isRSIOS[1] or isRSIOS[2]) and bullishCandle ) or ((isRSIOB or isRSIOB[1] or isRSIOB[2]) and bearishCandle)
//plot on chart
plotshape(tradeSignal and bullishCandle,title="bullish", location=location.belowbar, color=color.green,style=shape.triangleup, text="buy MIT")
plotshape(tradeSignal and bearishCandle,title="bearish", location=location.abovebar, color=color.red,style=shape.triangledown, text="sell MIT")
