Combining Supertrend, MACD, RSI, and EMA for Nasdaq Futures

Summary

This intraday strategy combines Supertrend direction with MACD crossovers and an EMA bias filter to generate long and short entries. RSI is used as a permissive threshold check: long entries require RSI above the oversold level, while short entries require RSI below the overbought level. The script sizes entries as a percentage of equity and sets stop levels using a multiple of ATR, with profit targets based on a configurable risk-reward ratio. It also closes positions when Supertrend reverses against them.

The document identifies Nasdaq futures as the intended market and includes configurable indicator settings, chart plots, labels, and alerts. It does not provide backtest statistics or evidence that the approach is profitable. Although the description frames it for scalping and intraday use, no bar interval or execution assumptions are established in the excerpt. Actual results would depend on instrument, timeframe, costs, slippage, and parameter choices. The script includes both fixed stop/target exits and a Supertrend reversal exit, but offers no discussion of their interaction or position sizing by volatility.

Key ideas

• Long and short signals combine Supertrend direction, MACD crossovers, RSI thresholds, and an EMA price filter.
• ATR determines stop distance, while a configurable ratio sets the target distance.
• Positions also close when Supertrend changes direction against the trade.
• The script specifies equity-based order sizing and a commission assumption but provides no performance evidence.
• The intended Nasdaq futures application has no stated timeframe or execution analysis.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.