OPEN-SOURCE SCRIPT

Hull MA Channel with Filtered Crossovers

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I've created an indicator that let's you create a HMA channel with 2 displaced HMA (A/B). As well as a HMA crossover set (C/D).

Here's how it works:
The HMA crossovers from C and D will not signal unless they are outside of the channel of A and B. As a matter of fact, NO buy signal whatsoever will occur above the channel and NO sell signal will occur below the channel.

The crossover HMA pair (C/D) can have their lengths adjusted to the 0.00 decimal point for VERY fine tuning of the crossovers.
(edit-it doesn't fine tune to the .00. This must not be a feature that is able to be utilized. I tried) The length adjustment still works to the nearest whole number. The .00 are mute :(

In keeping with that same logic, you can adjust the displacement of the channel independently to the 0.00 decimal, again for VERY fine tuning.

This is great for reversals while eliminating noise from false signals, keeping the chart nice and clean. Should be used in combination with other indicators for the best confirmations.

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.