Professional Trading with parabolic SAR
Trend Momentum Strategy
Submit by Lorenz
Professional Trading with Parabolic Sar is a tool for trading based on Parabolic Sar programmed for TradingView by Saleh Toodarvari. The name of this complex professional indicator is Parabolic Sar + 200 Ema +MACD signals. The but this powerful tool is to help traders identify optimal entry points in the market.
This indicator combines three popular technical indicators: Parabolic SAR (Stop and Reverse), EMA200 (Exponential Moving Average 200) and MACD (Moving Average Convergence Divergence) - to provide clear and concise buy and sell signals based on market trends.
The MACD component of this indicator calculates the difference between two exponentially smoothed moving averages, providing insight into the trend strength of the market. The Parabolic SAR component helps identify potential price reversals, while the EMA200 acts as a key level of support and resistance, providing additional confirmation of the overall trend direction.
Whether you're a seasoned trader or just starting out, the MACD-Parabolic SAR-EMA200 Indicator is a must-have tool for anyone looking to improve their trading strategy and maximize profits in today's dynamic markets.
Setup Strategy
Time Frame 3 min or higher best time frames h1 or higher.
Currency pairs any but volatile pairs are best suited.
TradingView indicators:
Parabolic Sar + 200 Ema +MACD signals.
Momentum Ghost machine default setting.
Buy conditions
The price should be above the EMA 200
Parabolic SAR should show an upward trend,
MACD Delta should be positive,
Momentum Ghost Machine >0 optional.
Sell conditions
The price should be below the EMA 200
Parabolic SAR should show a downward trend
MACD Delta should be negative
Momentum Gosth Machine <0 optional.
Exit position
Initial stop loss on the previous swing high/low.
Profit Target ratio stop loss 1:1 -1:1.3.
Congratulations to the author because this is a clear and easy to use winning indicator with high profitability, certainly among the best on TradingView.
