The Supertrend w/ HMA Averages Indicator is a trend following indicator which is based on the concept of using the ATR as a basis for identifying trend direction. It is a modification of the classic Supertrend Indicator, which instead of plotting a line based on price action, it plots a line based on a short-term moving average line. This indicator is preset to use the HMA with length 12, also using ohlc4 as the price point used for the calculation. It is also preset to use an ATR of 12 periods and an ATR multiplier of 0.66.
-HMA Only, for now -Bar color change -All options of regular Supertrend
Hi Loxx! Would it be possible to open source this indicator for education purpose. Its better than only HMA to filter out noise, but want to learn how you are doing it