MACD + Parabolic SAR / Owl of Profit

MACD + Parabolic SAR Strategy

This strategy combines the MACD and Parabolic SAR indicators to identify potential buy and sell signals based on trend direction and momentum.

Features:
MACD (Moving Average Convergence Divergence):

A momentum-based indicator that identifies bullish and bearish trends.
MACD Line: The difference between the fast and slow exponential moving averages.
Signal Line: A 9-period EMA of the MACD Line.
Histogram: Represents the difference between the MACD Line and Signal Line.
Parabolic SAR (Stop and Reverse):

A trend-following indicator used to set trailing stop-loss levels.
Parameters:
Start: 0.02 (default).
Increment: 0.02 (default).
Max: 0.2 (default).
Entry and Exit Logic:
Long Condition:

MACD Line is above the Signal Line (bullish momentum).
Price is above the Parabolic SAR value.
Opens a long position.
Short Condition:

MACD Line is below the Signal Line (bearish momentum).
Price is below the Parabolic SAR value.
Opens a short position.
Exit Logic:

For long positions: Exits when short conditions are met.
For short positions: Exits when long conditions are met.
Visualization:
MACD: Displays MACD Line, Signal Line, and Histogram to analyze momentum shifts.
Parabolic SAR: Plotted as dots above or below the price, indicating trend direction.
This strategy is ideal for traders who prefer a combination of momentum and trend-following techniques for precise entries and exits. Use it for backtesting and fine-tuning to match your trading style.

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Happy trading!