MACD x SuperTrend with trailing stoploss — Indicator by ChamodSachin

Moving Average Convergence / Divergence (MACD)

macd

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

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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