3-Signal Directional Trend Strategy for E-Minis

This is a conceptual strategy intended for E-mini S&P 500 futures with hourly bars.

It uses three signals, going long or short when two or more change in the same direction.

First is MACD. A positive oscillator is considered a bullish signal and a falling oscillator is interpreted bearishly.

Next, stochastics are used as an overbought/oversold indicator. Overbought conditions are considered bearish and oversold readings are viewed as bullish.

Third is a custom indicator based on our Moving Average Speed script. It takes the rate of change of the 50-hour simple moving average (SMA), and then smooths it using a 10-period average. This provides a directional signal.

Traders may want to experiment with different settings for moving average speed.

Note: This is intended for use with stock index futures, which have round-the clock price data to populate the data in the indicators. It may not yield good results with stocks or ETFs.

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