Parabolic SAR + SuperTrend + Volume Oscillator / Owl of Profit

Parabolic SAR + SuperTrend + Volume Oscillator Strategy

This strategy combines the Parabolic SAR, SuperTrend, and Volume Oscillator indicators to generate high-confidence buy and sell signals based on trend direction, momentum, and volume.

Features:
Parabolic SAR:

A trend-following indicator that helps determine potential reversals.
Parameters:
Start: 0.02
Increment: 0.02
Max: 0.2
SuperTrend Indicator:

Determines the overall trend direction using price and ATR.
Parameters:
Length: 10
Multiplier: 3
The SuperTrend Cloud dynamically highlights bullish (green) or bearish (red) zones.
Volume Oscillator:

Measures the difference between short-term and long-term EMA of volume to assess momentum in trading activity.
Parameters:
Short Length: 14
Long Length: 28
Entry and Exit Logic:
Buy Condition:

Price is above the Parabolic SAR.
SuperTrend is bullish (price above the lower SuperTrend line).
Volume Oscillator is positive (indicating increasing volume).
Sell Condition:

Price is below the Parabolic SAR.
SuperTrend is bearish (price below the upper SuperTrend line).
Volume Oscillator is negative (indicating decreasing volume).
Trade Execution:

Opens a long position when the buy condition is met.
Closes the position when the sell condition is met.
Visualization:
Parabolic SAR: Red dots plotted above or below the price to indicate trend direction.
SuperTrend Cloud: A dynamic cloud that changes color based on bullish or bearish trends.
Volume Oscillator: Plotted as a blue line showing volume momentum.
Buy and Sell signals are clearly marked with "BUY" and "SELL" labels.
This strategy combines trend-following and volume-based confirmation for reliable trade entries and exits. Use it for backtesting and refining your trading approach.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!