"Parabolic SAR + 200 EMA + MACD signals " is an advanced trading tool developed by Saleh Toodarvari for use on the TradingView platform. This complex indicator, known as Parabolic SAR + 200 EMA + MACD signals, is designed to assist traders in identifying optimal entry points in the market.
Combining three widely-used technical indicators – Parabolic SAR, EMA200, and MACD – this indicator offers clear and concise buy and sell signals based on market trends.
The MACD component calculates the difference between two smoothed moving averages, providing insight into the strength of the market trend. Meanwhile, the Parabolic SAR helps pinpoint potential price reversals, and the EMA200 acts as a critical level of support and resistance, adding further confirmation to the overall trend direction.
Whether you're a seasoned trader or new to the game, the MACD-Parabolic SAR-EMA200 Indicator is an essential tool for enhancing your trading strategy and maximizing profits in today's dynamic markets.
Key Setup Strategy:
- Time Frame: Recommended 3 minutes or higher, with the best time frames being H1 or higher.
- Currency Pairs: Suitable for any currency pairs, with volatile pairs being particularly well-suited.
- TradingView Indicators: Utilizes Parabolic SAR + 200 EMA + MACD signals and Momentum Ghost Machine with default settings.
Buy Conditions:
- Price should be above the EMA 200.
- Parabolic SAR should indicate an upward trend.
- MACD Delta should be positive.
- Optional: Momentum Ghost Machine > 0.
Sell Conditions:
- Price should be below the EMA 200.
- Parabolic SAR should indicate a downward trend.
- MACD Delta should be negative.
- Optional: Momentum Ghost Machine < 0.
Exit Position:
- Set initial stop loss at the previous swing high/low.
- Profit target ratio: Stop loss ratio between 1:1 to 1:1.3.
The clarity and simplicity of this indicator make it a highly profitable tool, ranking among the best on TradingView.
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