This indicator is originally made by someone else, I just modified it to increase its win rate. How to use this indicator?
Step 1: This indicator only works in 5 minutes timeframe (BTC) . Apply 5 minutes timeframe in Tradingview. Step 2: Apply 2 EMA(s), 1st EMA length 50, 2nd EMA length 200. Step 3: Draw support and resistance and understand price action as well. Step 4: Use RSI along with this indicator.
Strategy: When you see a down tick on the MACD in 5 minutes timeframe, you are allow to take a long position. When you see an up tick on the MACD in 5 minutes timeframe, you are allow to take a Short position, but RSI should be Included (you can do your own settings of RSI). Recommended TP 0.50 and SL 0.40.