Now, we can clearly see that the indicator consists of multiple dots, and the way we use them is very simple: if the dots are below the candle, the market is in an uptrend, and if the dots are above, the market is in a downtrend. In this we will also leave the Settings alone and just utilize the default settings. The parabolic sar is a basic and easy-to-learn indicator that performs an excellent job of spotting market trends. The gap between the macd line and the signal line also affects the size of the histogram. This line reacts more slowly.įinally, we have the histogram, which simply shows the correlation between the macd line and the signal line, for example, if the line crosses above the signal line, the histogram turns green, and if it crosses below, the histogram turns red. The orange line, commonly known as the signal line, follows. This line travels quicker and is more sensitive to price fluctuations, which will be the macd indicator’s primary emphasis. First, there’s the blue line, which is known as the macd line. For this setting we are going to leave it alone and simply keep the default settings as you can see the indication is made up of three components. Macd is one of the popular indicators for detecting Momentum. So for this strategy, we’re going to use a combination of three different indicators, the 200 ema, the parabolic sar, and the macd. In this article, we are going to reveal a simple trading strategy that has been proven to have a high win rate, and later in the article, we will show you proof of it having a high win rate by coding this strategy in pinescript backtesting the strategy 100 times or more on TradingView, so without further ado, let’s get started.
#TRADINGVIEW 200 EMA CODE#
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