OPEN-SOURCE SCRIPT
Hull Moving Average Convergence/Divergence
This is a Low Lag MACD made by replacing the 2 emas in the built in macd with hull moving averages. The function in the script for the Hull Moving Average is the work of user RicardoSanto - Thanks Ricardo, good work!
The 2 averages cross, histogram zero cross and price cross often closely coincide with minimal lag.
By itself it is useful and to me more clear that the standard macd using emas but in trading I use it with the EFI built in Elder Ray Force index which I want to have
either (Bull) above zero or briskly ascending or (Bear) below zero or briskly descending. As further confirmation I use a 50 period hull moving average (a built in) -
this confirmation being the price is crossing or has passed above it (Bull) or below it (Bear).
This indicator and combination seem to work well on the stocks and etfs I trade options on. Not sure if EFI would be as effective on Forex because there is no central
volume information source as there is with instruments that are traded through a single exchange. ??
Anyway good luck with this if you try it and any comments (on this my first script ) are welcome.
The 2 averages cross, histogram zero cross and price cross often closely coincide with minimal lag.
By itself it is useful and to me more clear that the standard macd using emas but in trading I use it with the EFI built in Elder Ray Force index which I want to have
either (Bull) above zero or briskly ascending or (Bear) below zero or briskly descending. As further confirmation I use a 50 period hull moving average (a built in) -
this confirmation being the price is crossing or has passed above it (Bull) or below it (Bear).
This indicator and combination seem to work well on the stocks and etfs I trade options on. Not sure if EFI would be as effective on Forex because there is no central
volume information source as there is with instruments that are traded through a single exchange. ??
Anyway good luck with this if you try it and any comments (on this my first script ) are welcome.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
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.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
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.