HMA + EMA CHANNEL + PSAR
(on/off button)
HAC = HMA Averages Channel
I was able to combine mladen's HMA with EMA channel & PSAR to make this indicator.
The PSAR is acting as arrow signals. When PSAR is in the same trend with the HMA, it will draw a dot.
When you see green dots, go LONG/BUY.
When you see red dots, go SHORT/SELL.
The EMA channel is there to set the boundaries. it's EMA(34).
When the candles are outside of the channels, get ready for the candles to return to the HMA.
If the candles are hugging the upper green channel, then it's an uptrend. Go LONG/BUY.
If the candles are hugging the lower red channel, then it's a downtrend. Go SHORT/SELL.
Green HMA means it's an uptrend. Go LONG/BUY.
Red HMA means it's a downtrend. Go SHORT/SELL.