SAR_MACD_EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources

So far, this Expert Advisor is based on 15-minute bars or candles, so MACD is used as an early directional indicator. The point is that the Parabolic SAR acts as the first signal to indicate a buy or sell, secondly it looks at the closing position of the bar or candle indicated on the chart, if the third candle falls back below the SMA and the previous candle closed above the SMA and the SAR flips below the price. This constitutes a buy signal, if the MACD shows a bullish trend and the SAR flips below the price, but the previous candle close (Close[1]) was still below the SMA, then wait for a 5 candle window for the price to close above the SMA.

Low profile is an example of this idea

The idea is that once the candle closes below the moving average, the third candle should be above the moving average and the SAR should also flip above the price during that time frame, at which point the MACD will either confirm simultaneously or several candles supporting the bearish move.

This photo shows the purchase

Attachment download

📎 SAR-MACD-EA_signal_sample.png (17.93 KB)

📎 SAR_MACD_EA.mq4 (25.99 KB)

Source: MQL5 #65407