Nasdaq Futures Signals from Supertrend, MACD, RSI, and EMA Filters
Summary
This intraday strategy combines Supertrend direction, MACD crossovers, RSI bounds, and a long-term EMA bias to generate long and short signals. Long entries require bullish Supertrend direction, a bullish MACD crossover, RSI above the oversold threshold, and price above the EMA. Short entries mirror the setup with bearish direction, a bearish crossover, RSI below the overbought threshold, and price below the EMA. The accompanying description suggests using it on Nasdaq futures and short chart intervals, but provides no test results to substantiate that recommendation.
Exits pair an ATR-based stop with a profit target set using a risk-reward input, and the strategy also closes positions when Supertrend changes direction against them. Plots, labels, alerts, and background shading make the signals and market bias visible. The code sets a percentage-based position sizing default and commission assumption, but does not specify a volatility-based position-sizing rule. RSI is used as a permissive bound rather than requiring an extreme reading. Results will depend on timeframe, contract, costs, and execution; the document offers no evidence of profitability.
Key ideas
- Long and short entries require Supertrend direction and a MACD crossover to agree.
- An EMA filters trades by broad price bias, while RSI applies directional bounds.
- Stops are placed 1.2 ATR from average entry, with targets based on the configured reward multiple.
- A Supertrend reversal can close an open position before its fixed target or stop is reached.
- The document gives strategy settings and intended use but no backtest evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.