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MACD & EMA Trading Strategy v2

The document outlines a trading strategy using MACD and EMA indicators for buy and sell signals in a financial market. It includes input parameters for various indicators, take profit, and stop loss settings, as well as conditions for executing long and short orders. The strategy also incorporates plotting of buy/sell signals and the 200 EMA on the chart.

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xpuehsan
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314 views2 pages

MACD & EMA Trading Strategy v2

The document outlines a trading strategy using MACD and EMA indicators for buy and sell signals in a financial market. It includes input parameters for various indicators, take profit, and stop loss settings, as well as conditions for executing long and short orders. The strategy also incorporates plotting of buy/sell signals and the 200 EMA on the chart.

Uploaded by

xpuehsan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

//@version=5

strategy("MACD & EMA Buy/Sell Strategy v2", overlay=true)

// Input parameters
emaLength = input(200, title="200 EMA Length")
rsiLength = input(14, title="RSI Length")
mfiLength = input(14, title="MFI Length")
atrLength = input(14, title="ATR Length")
longTP = [Link](0.4, title="Long Take Profit (%)") / 100
longSL = [Link](0.2, title="Long Stop Loss (%)") / 100
shortTP = [Link](0.4, title="Short Take Profit (%)") / 100
shortSL = [Link](0.2, title="Short Stop Loss (%)") / 100
trailingStop = [Link](0.2, title="Trailing Stop (%)") / 100 // Trailing stop
percentage
useTP = [Link](true, title="Use Take Profit") // Toggle take profit usage
startDate = [Link](timestamp("2024-01-01 00:00 +0000"), title="Start Date")
endDate = [Link](timestamp("2024-12-31 23:59 +0000"), title="End Date")

// Calculate indicators
ema200 = [Link](close, emaLength)
[macdLine, signalLine, _] = [Link](close, 12, 26, 9)
rsi = [Link](close, rsiLength)
mfi = [Link](close, mfiLength)

// Buy conditions
buyCondition = [Link](macdLine, signalLine) and close > ema200 and rsi > 50
and mfi > 50

// Sell conditions
sellCondition = [Link](macdLine, signalLine) and close < ema200 and rsi < 50
and mfi < 50

// Execute long order


if (buyCondition and (time >= startDate and time <= endDate))
[Link]("Long", [Link])
longTPPrice = useTP ? strategy.position_avg_price * (1 + longTP) : na // TP
based on entry price
longSLPrice = strategy.position_avg_price * (1 - longSL) // SL based on entry
price
trailingOffset = strategy.position_avg_price * trailingStop // Trailing stop
based on entry price
[Link]("TP/SL Long", from_entry="Long", limit=longTPPrice,
stop=longSLPrice, trail_offset=trailingOffset)

// Execute short order


if (sellCondition and (time >= startDate and time <= endDate))
[Link]("Short", [Link])
shortTPPrice = useTP ? strategy.position_avg_price * (1 - shortTP) : na // TP
based on entry price
shortSLPrice = strategy.position_avg_price * (1 + shortSL) // SL based on
entry price
trailingOffset = strategy.position_avg_price * trailingStop // Trailing stop
based on entry price
[Link]("TP/SL Short", from_entry="Short", limit=shortTPPrice,
stop=shortSLPrice, trail_offset=trailingOffset)

// Plot buy and sell signals


plotshape(series=buyCondition, location=[Link], color=[Link],
style=[Link], title="Buy Signal", text="BUY")
plotshape(series=sellCondition, location=[Link], color=[Link],
style=[Link], title="Sell Signal", text="SELL")

// Plot the EMA


plot(ema200, color=[Link], title="200 EMA")

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