Madhan_HMT_Ultimate_Strategy

This indicator is a trend-following strategy designed to identify buy and sell signals based on price action relative to dynamic channels and smoothing mechanisms. It uses two separate sets of parameters that adjust to market conditions, with each set of parameters acting as an independent trend filter. The indicator creates arrows on the chart to signal potential trade entries, with these arrows appearing when the price crosses certain thresholds established by the indicator's internal calculation.

The strategy can be customized with various parameters, including:

Stop loss and take profit levels based on multiple options: ATR (Average True Range), fixed points, or percentage-based values.
Trading mode options that allow the user to choose whether the strategy trades both long and short positions, or restricts trades to only one direction (long or short).
The indicator visually represents the entry levels, stop loss, and take profit levels, with backgrounds filling to highlight potential risk and reward areas. By adjusting the parameters, traders can tailor the indicator to suit different market conditions and their risk tolerance.