OPEN-SOURCE SCRIPT

Hull MA with 4 StdDev Bands

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ull MA with Multi-StdDev Bands
This indicator plots a Hull Moving Average (HMA) of (High + Low) / 2 with a default length of 90, surrounded by four customizable standard deviation bands.

Features:

Dynamic Hull MA coloring: Green when price trend is rising, red when falling.

Customizable deviation levels: Default set to 1.2, 1.4, 1.6, and 1.8 standard deviations, adjustable in the settings.

4 upper and 4 lower volatility bands: Based on the standard deviation of price relative to the Hull MA, providing a clear visual of potential overbought and oversold zones.

Uses:

Identify trend direction quickly via Hull MA color change.

Monitor volatility expansion/contraction.

Spot potential reversal or breakout areas when price interacts with outer bands.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.