This is a trend-following indicator based on MACD, providing buy signals when above the 200 MA and sell signals when below it.

The signal is generated when MACD crosses the zero line. The indicator also displays a support and resistance level that can be used as a stop loss. Adjustable parameters include MA period, MACD fast EMA, slow EMA, and the support-resistance interval. It plots on the recent candles’ lowest and highest points.