OPEN-SOURCE SCRIPT
MACD x SuperTrend with trailing stoploss
This trading strategy is based on MACD crossover and crossunder. It uses the supertrend to identify the trend it is trading on and takes trades accordingly. You can use the built in risk to reward ratio parameter through the settings of the indicator for your desired R/R
My goal in creating this indicator was to learn about risk management. This indicator will put up a stop-loss and take profit target according to the entry point it shows.
This indicator showed me the best results on BTC at 5min price chart. I'm new to trading so, do your own due diligence
My goal in creating this indicator was to learn about risk management. This indicator will put up a stop-loss and take profit target according to the entry point it shows.
This indicator showed me the best results on BTC at 5min price chart. I'm new to trading so, do your own due diligence
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.