buy-the-pullback.tosts

plot ema5 = ExpAverage(close, 5);
ema5.SetDefaultColor(Color.WHITE);
plot ema8 = ExpAverage(close, 8);
ema8.SetDefaultColor(Color.CYAN);
plot ema20 = ExpAverage(close, 20);
ema20.SetDefaultColor(Color.MAGENTA);
plot ema50 = ExpAverage(close, 50);
ema50.SetDefaultColor(Color.PLUM);

# bullish continuation buy
def bullishContinuation = (ema20[1] < ema20[0] and ema5[1] > ema8[1] and ema5[0] >= ema8[0] and close[1] > open[1] and close[0] < open[0]);
# Alert(bullishContinuation, "Long $" + close[0], Alert.Bar, Sound.Ring);

plot bullBuy = if (bullishContinuation) then yes else no;
bullBuy.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
bullBuy.SetDefaultColor(Color.UPTICK);

# bearish continuation buy
def bearishContinuation = (ema20[1] > ema20[0] and ema5[1] < ema8[1] and ema5[0] <= ema8[0] and close[1] < open[1] and close[0] > open[0]);
# Alert(bearishContinuation, "Short $" + close[0], Alert.Bar, Sound.Ding);

plot bearBuy = if (bearishContinuation) then yes else no;
bearBuy.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
bearBuy.SetDefaultColor(Color.DOWNTICK);