SMACH Indicator uses 3 signals from MACD, STOCHASTIC and PARABOLIC SAR. Histogram represents trend direction. If it is greater than 2 or lesser than -2 trend is consolidated and you can trade.
I'm the author of this simple indicator. Feel free to use it as you want. Follow me on Trading View if you want to be updated on more ideas. Thanks!
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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