OPEN-SOURCE SCRIPT
Intraday trading signals
HMA buy/sell Logic:
This code uses HMA and dynamically assigns value as either bullish or bearish based on where the closing price stands relative to signalHigh and signalLow. Trade buy/sell is determined by value, and crossover signals (Long and Short) are generated when the close price crosses Exit.
Ultimate Moving average:
This script plots a trend-colored Ultimate Moving Average (ULMA) line based on Arnaud Legoux Moving Average. The line’s visibility, length and trend color are customizable. Yellow color indicates an upward trend, while red indicates a downward trend. The indicator provides a smooth moving average that aims to track trends with minimal lag.
This code uses HMA and dynamically assigns value as either bullish or bearish based on where the closing price stands relative to signalHigh and signalLow. Trade buy/sell is determined by value, and crossover signals (Long and Short) are generated when the close price crosses Exit.
Ultimate Moving average:
This script plots a trend-colored Ultimate Moving Average (ULMA) line based on Arnaud Legoux Moving Average. The line’s visibility, length and trend color are customizable. Yellow color indicates an upward trend, while red indicates a downward trend. The indicator provides a smooth moving average that aims to track trends with minimal lag.
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