Hello All,
This is "Grab Trading System" script defined in the book "Trend Following" by Michael W. Covel. also named as "Two-box system". I made small changes and I guess that it can be improved more.
The definition: Far box defines major trend; system trades only in same direction as major trend, meanwhile fading the signals of near box. Last trade in each...
Hello All,
This is backtesting result of following indicator/strategy. I didn't work on adding other indicators. maybe in the future I can try to combine this with other indicators.
You can visit following link to see "Pivot Point SuperTrend" . by using this backtesting tool, you can test&find better options
There is option "Use Center Line to Close Entry...
I developed this script to analyse MACD, MACD Signal, MACD Histogram movements by using current and higher time frame. Script calculates higher time frame automatically, no manuel entry. I also added trailing stop loss line. You can change the parameters as you wish ;)
btw. you should know that MACD is more successful when there is trend.
If you like it please...
![BTCUSD: Pivot Point SuperTrend [Backtest]](https://s3.tradingview.com/d/DwdC6FT4_mid.png "Pivot Point SuperTrend [Backtest]")
![EURUSD: MACD Enhanced Strategy MTF with Stop Loss [LTB]](https://s3.tradingview.com/p/PA2ndF2Q_mid.png "MACD Enhanced Strategy MTF with Stop Loss [LTB]")