MACD and EMA Trend Signals Filtered by Reclaimed Pivot Support or Resistance
Summary
This strategy combines a long-term EMA filter with MACD crossovers and pivot-based support and resistance. A long signal requires a bullish MACD crossover while MACD is below zero and price is above the EMA; a short signal uses the opposite crossover and price below the EMA. When the support/resistance filter is enabled, the latest sufficiently recent pivot level must have enough distinct touches and show a reclaim after a wick break, subject to a tolerance based on ATR and a limit on closes beyond the level.
Stops can be placed beyond the EMA or a recent swing, and the strategy sets a take-profit level using a configurable risk/reward multiple. Position mode can allow a single position or pyramiding, with entry-level exits maintained separately. The document supplies implementation details and simulation cost settings, but no reported backtest findings. Pivot confirmation, touch definitions, reclaim rules, and execution assumptions affect results, so the setup requires instrument-specific evaluation before practical use.
Key ideas
- Long and short setups combine MACD crossovers with price relative to a long-term EMA.
- A pivot filter selects recent support or resistance levels using touch counts and age limits.
- ATR tolerance and reclaim conditions help qualify a broken pivot level.
- Stops use an EMA buffer or a recent swing, while targets scale with trade risk.
- The source gives no evidence of profitability or robustness across markets.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.