MACD + RSI + EMA + SMA + Ichimoku + overbought + buy, sell +Doji

This trading strategy combines various technical indicators, including moving averages, MACD, RSI, Bollinger Bands, Ichimoku Cloud, and price patterns to make trade decisions.

To trade this strategy manually on TradingView:

• Use two Exponential Moving Averages (EMAs) with periods of 14 (fast) and 21 (slow) to identify the trend direction. A bullish signal is generated when the fast EMA crosses above the slow EMA, and a bearish signal when it crosses below.
• Configure MACD settings with fast moving average period of 12, slow moving average period of 26, and signal line period of 9. A 200 period Simple Moving Average (SMA) serves as a longer-term trend filter. Look for MACD histogram crossovers with the signal line and confirm with position relative to the 200 SMA. Green bars suggest a bullish trend, red bars indicate bearish.
• For RSI-based entries, look to enter long positions when the RSI is below 20 (signalling oversold conditions) and the price is above the 200 SMA and 20 period EMA. Exit longs when the EMA of the close with a period of 80 is reached and RSI goes above 80.
• Short entries are the opposite: enter when RSI is above 80 (overbought), and the price is below the 200 SMA and 80 period EMA. Exit shorts when the price drops below the 20 period EMA and RSI falls below 10.
• For Bollinger Bands, use a period of 20 and 2 standard deviations. If the bar color changes to green, consider a buying signal, and a red color indicates a selling signal.
• Identify candle patterns such as Doji, Engulfing, and Harami for potential reversals. A Doji above a bullish bar or beneath a bearish bar can serve as a significant signal.
• Ichimoku Cloud settings should be turning periods 9, standard periods 26, leading Span B periods 52, and displacement set to 26. Look for price to move relative to the cloud for trend direction confirmation.
• Confirm trend direction with isolated highs

To enhance the 'MACD + RSI + EMA + SMA + Ichimoku + overbought + buy, sell + Doji' strategy with manual trading, consider a multi-layered approach that focuses on refining entries, managing trades, and adjusting the use of technical indicators for clarity and performance.

• Refine Entry Signals: Implement additional filters to MACD and RSI signals by requiring convergence with candlestick patterns. For example, only take MACD crossovers that align with a Doji or Harami pattern, indicating potential trend reversals. Similarly, use overbought or oversold RSI levels as an entry signal when they coincide with a clear rejection of price, manifested through pin bars or engulfing candles.
• Optimize Position Management: Introduce a tiered approach to take profits. Instead of a single take-profit level, scale out of positions at various levels to capture profits while still allowing room for profitable positions to run. Likewise, adjust the stop-loss strategy to account for market volatility, perhaps using a volatility-based indicator like Average True Range (ATR) to set stop levels dynamically as opposed to a fixed value.
• Fine-tune Moving Averages: Customize the settings for the EMAs and SMA based on backtesting results to find the optimal periods for identifying trends. Consider the application of adaptive moving averages that adjust more rapidly to changing market conditions.
• Incorporate Price Action: Strengthen trend confirmation by integrating price action analysis with Ichimoku Cloud components. Respect price levels that correspond with the Cloud edges or the Kijun-Sen as areas of support and resistance.
• Adjust Indicator Sensitivities: Amend the sensitivity of the RSI and MACD by changing the look-back period to filter out noise and false signals, ensuring that the signals generated corroborate with strong trends or substantial reversals with high volume.
• Validate Divergence: Assess divergence between price and an oscillator such as MACD or RSI more thoroughly. Ensure that divergences align with structural highs and lows on the chart, which might involve looking for patterns such as head and shoulders or double tops/bottoms for additional confirmation of trend weakening or reversals.

This strategy is tailored for traders who prefer a technical and systematic approach to trading with a focus on intraday movements, making it ideal for day traders. It appeals to those who are comfortable analyzing several indicators simultaneously for enhanced trade confirmation and those who can dedicate time to actively monitoring and managing trades. Its use of multiple time-sensitive indicators like MACD, RSI, and varying lengths of EMAs/SMA also makes it suitable for swing traders looking to capitalize on short- to medium-term trends. Additionally, the application of candlestick patterns and the Ichimoku Cloud suggests that it resonates well with traders who have an affinity for price action and trend analysis. This strategy is designed for traders who are detail-oriented, patient, and have a modest risk appetite, as it incorporates rigorous checks before signaling an entry or exit.

• Strategy Composition: Employs MACD, RSI, various EMAs, SMA, Ichimoku Cloud, and candlestick patterns for trend following and reversal detection.
• Operation Method: Applies a combination of indicators on a 1-hour timeframe for trade signal generation with manual oversight required.
• Automation Potential: Allows implementation of automated alerts in TradingView, however, traders must conduct manual analysis to confirm complex signals.
• Optimization Techniques: Involves fine-tuning entry triggers and moving average periods based on backtesting, adding tiered profit-taking and dynamic stop-loss strategies.
• Risk Management: Suggests utilizing a tiered approach to taking profits and employing ATR for dynamic stop losses.
• Trader Suitability: Best fits day and swing traders with experience in technical analysis and active trade management.
• Enhanced Application: Encourages convergence of indicator signals with price action patterns for robust decision making.