mladen wrote: Tue Apr 04, 2017 8:38 pm Averages rainbow
Plotting up to 256 averages using two color line fro the average. Supported average types in this version
Simple maExponential maSmoothed maLinear weighted maUsual stuff included too (line styles, colors, weights) and usual set of 22 types of prices)

averages rainbow.png

Averages Rainbow

(on/off button)

updated with 33 prices and only 5 Moving Averages.
SMA(20) is the middle line of the Bollinger Bands.

mrtools wrote: Sat Oct 04, 2025 8:43 am Already updating found it was still a little different that the mt4 version think this one now is the same, if using fast/slow ema.

Hi mrtools.
Thank you for this indicator.
Would it be possible to add zigzag candle color to this indicator?
like xard sema3 (176)
appreciated.

asgariHoo wrote: Tue Nov 25, 2025 2:23 am Hi mrtools.
Thank you for this indicator.
Would it be possible to add zigzag candle color to this indicator?
like xard sema3 (176)
appreciated.

Hello, not sure if it is possible or not would need to see the code.

mrtools wrote: Tue Nov 25, 2025 2:42 am Hello, not sure if it is possible or not would need to see the code.

ok i will send you a code. DM

HMA + EMA CHANNEL + PSAR

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.