EMA 12 + EMA 26 + MACD / Owl of Profit

EMA 12 + EMA 26 + MACD Strategy

This strategy combines Exponential Moving Averages (EMA) with the MACD indicator to identify bullish and bearish market trends. It includes dynamic stop-loss and take-profit levels for risk management.

Features:

Exponential Moving Averages (EMA):

Tracks short-term and long-term trends using 12-period and 26-period EMAs.
Provides clear crossover signals for trend direction.
MACD Indicator:

Analyzes momentum and confirms entry signals using the MACD line and Signal line crossover.
Includes a histogram for visualizing bullish and bearish momentum.
Entry Conditions:

Long Entry: Triggered when the short EMA crosses above the long EMA and MACD is above the Signal line.
Short Entry: Triggered when the short EMA crosses below the long EMA and MACD is below the Signal line.
Exit Conditions:

Dynamic Stop-Loss and Take-Profit levels based on user-defined percentages.
Positions are also closed when the EMA or MACD signals reverse.
Customization Options:

Adjust EMA lengths for sensitivity to trends.
Modify MACD settings (fast, slow, and signal periods).
Set Stop-Loss and Take-Profit percentages for risk and reward management.
Visualization:

Plots short and long EMAs directly on the chart for easy trend identification.
Includes MACD and Signal line with a histogram in a separate panel for momentum analysis.
Entry and exit signals are clearly marked on the chart.
This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and adapting to your trading style.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!