Combined PSAR with EMA and/or TEMA lines, including fast/slow plots, for entry/exit signals. Includes signals for all plots.
Credit to TEMA With Alert by BerkSay and Parabolic SAR by Alex Orekhov (everget).
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Updated:
Added summary table: shows red/yellow/green for bearish/neutral/bullish signals for PSAR/EMA/TEMA/RSI.
Added RSI to summary table: shows value, direction of last movement (up or down arrow) and red/yellow/green for overbought, neutral, or oversold.
Changed crossover symbols to they resize more gracefully.
If there are additional indicators etc that you would like added, please let me know! Happy to add more if you'd like.
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Added more indicators to the summary table:
SRSI
WaveTrend by LB
Squeeze Momemtum by LB
CCI
Don't use the summary table to make trading decisions - it's intended to give you a quick heads up so you can check the plots. Then you can get a better sense of whether or not to enter a position.
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Changed example plot to standard candles.
Added change arrows to EMA and TEMA.
Added suggested use to docs.
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Version 09 AUG 2021 update:
Added Ehler's MESA Adaptive Moving Average option.
Adjusted the "traffic light" table to include volume indicators
Added ability to change buy/sell labels based on EMA, TEMA, or eMAMA confirmation signals.
Depending on your style and the instrument you are trading, you may use the PSAR plus either the EMA, TEMA, or eMAMA to make decisions. The length of those plots will also depend on the instrument and timeframe you use.
I will be coming out with a strategy version soon, so that you may more easily play with different parameters.
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Added a third EMA plot. This plot is for visual reference only. No entry/exit signals are shown based on this plot.
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Added ability to filter entries/exits on a 3rd EMA.
Added RSI and OBV as alternative PSAR confirmation signals.
Thank you for writing and sharing this script. I will have two requests if you may consider. Can you add option to display kaufman adaptive moving average. I think it is useful mov but I'm a free user and have two other favorite indicators. I use a light background and the bearish sar symbols can be rather tricky to see, any chance you may consider changing them to red for example (I imagine no one uses red background) or the option to change the color. Thanks again.