colinmck

200 EMA Filtered Parabolic SAR

This script uses Parabolic SAR with the 200 EMA to determine long and short trends. Only long signals are given when the price is above the 200MA and shorts when it is below. Signals are further filtered using ADX to reduce noise.

Suitable for trading bots where open positions in the same type are set to be ignored.

Alerts are built in.
Release Notes: Added optional alerts for exits
Release Notes: Adjusted filtering on entries
Release Notes: Switching snapshot image to classic candles
Release Notes: Added the option to plot the 21 EMA
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Comments

I realized the chart display the default 200MA and 7MA. However it did not show the 21MA.
Kindly advise how to make it display the 21MA.

Thanks.
Reply
colinmck Kennyfoong
@Kennyfoong, Hi, thanks for the suggestion. I didn't add it originally as the chart is already quite crowded, but I just published a new version which gives you the option to plot the 21 EMA.
Reply
Kennyfoong colinmck
@colinmck, Awesome.. Thank You.
Reply
This look quite promising Colin. When used with the QQE script, I notice that the QQE seems to trigger more trades than the script above. To use these two scripts in combination, I guess you disregard these in favour of the QQE entries? Will be forward testing on the major currencies for a month. Thanks for sharing mate
Reply
colinmck IgniteFX
@IgniteFX, thanks very much - glad you like it! This was very much a stand-alone experiment so I haven't explored combining with QQE. It could work (especially on higher timeframes) but filtering would be needed.
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IgniteFX colinmck
@colinmck, Thanks for the reply. I only have time to trade on the higher TF anyway. If you have any suggestions moving forward and wish to collaborate (or if you need a guinea pig tester), let me know :)
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Good :)
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