This indicator is used to make trading decisions for ETFs and mutual funds (TQQQ, QLD, SPXL, etc.) that are leveraged to stock indices.
It displays buy and sell signals and sends notifications when both MACD and Parabolic SAR give trend reversal signals. Specifically, the following cases are considered as buy/sell signals.
Buy signal -When Parabolic SAR shows a buy signal after MACD has made a golden cross -When MACD shows a golden cross after Parabolic SAR shows a buy signal Sell signal -When Parabolic SAR shows a sell signal after MACD has made a dead cross -When MACD shows a dead cross after Parabolic SAR shows a sell signal
Apply this indicator to the underlying index of the leveraged ETF ( NDX for TQQQ and QLD ) and trade the leveraged ETF using the buy or sell signal on the underlying index. Note that the stocks to which you apply this indicator and make trading decisions are different from the stocks that you actually trade.