HMA TrendRiser 200HMA TrendRiser 200 is a powerful trend-following indicator that uses the 200-period Hull Moving Average (HMA) to generate precise buy and sell signals. A buy signal (green triangle and "BUY" label) is triggered when the price crosses above the HMA, indicating potential bullish momentum. A sell signal (red triangle and "SELL" label) appears when the price crosses below the HMA, signaling bearish conditions. The HMA’s reduced lag ensures responsive trend detection, making it ideal for traders seeking clear entry and exit points. Alerts are included for real-time notifications.
Note: For optimal accuracy, use on higher timeframes like 1-day (1D) or 3-day (3D), where market noise is minimized, and trend signals are more reliable.
How to Use:
Add to TradingView: Copy the script, paste it into the Pine Editor, and add it to your chart.
Interpret Signals:
Buy: Enter a long position when a green triangle and "BUY" label appear (price above HMA 200).
Sell: Enter a short position or exit long when a red triangle and "SELL" label appear (price below HMA 200).
Timeframe Recommendation: Signals are more accurate on larger timeframes (e.g., 1D or 3D) due to reduced noise and stronger trend confirmation. Smaller timeframes (e.g., 1H) may produce more signals but with higher false positives.
Customization: Adjust the HMA period (default 200) in the input settings to suit your trading style.
Alerts: Set up alerts for buy and sell signals to stay informed of price crossovers.
Best Practices: Combine with other indicators (e.g., RSI, volume) and proper risk management for better trade confirmation.
Why Higher Timeframes?
1D and 3D Timeframes: These timeframes filter out short-term market noise, providing clearer trends and reducing whipsaws (false signals). The HMA 200 on daily or multi-day charts aligns with significant market moves, making it ideal for swing or position traders.
Let me know if you need further tweaks, such as adding filters or additional features to enhance the indicator’s appeal on TradingView!
