OPEN-SOURCE SCRIPT
HA + HMA + VWAP

🔍 Script Overview
This indicator blends Heikin-Ashi smoothing, Hull Moving Average (HMA), and Volume Weighted Average Price (VWAP) to help traders identify trend direction and potential trade setups. The script provides buy/sell signals based on price action relative to HMA while anchoring the view to volume with VWAP.
📈 What It Does and How
- Heikin-Ashi Calculations: Reduces noise by averaging candle structure, revealing clearer trend direction.
- Hull Moving Average (HMA): A fast, smooth-moving average applied to Heikin-Ashi close prices, tuned to respond quickly to shifts in momentum.
- VWAP Line: Acts as a dynamic fair-value reference, balancing price against volume over time.
- Signal Logic: Generates visual Buy/Sell signals when the Heikin-Ashi close crosses the HMA.
🧠 Recommended Enhancements Using RSI + ATR
For more refined entries and exits, use this indicator alongside Relative Strength Index (RSI) and Average True Range (ATR):
- RSI for Momentum Confirmation: Ensure the buy signals align with upward momentum—RSI climbing from oversold zones adds conviction.
- ATR for Volatility Awareness: Use ATR to size stops and evaluate risk. Avoid trades during volatility spikes or when ATR exceeds typical thresholds.
- Three-Leg Alignment: When HA/HMA signal agrees with RSI momentum and ATR shows stable conditions, you get high-quality trade setups with better timing and risk control.
This fusion helps discretionary traders filter noise and make confident decisions rooted in price action, volume, momentum, and volatility.
⚙️ Chart Display
- HMA: red line
- VWAP: gray line
- Buy/Sell labels: green below bars for buys, red above bars for sells
- Clean layout optimized for visual clarity
This script is open-source and does not use future data or issue caution warnings. It’s designed to assist manual trading strategies, not provide automated trading decisions.
This indicator blends Heikin-Ashi smoothing, Hull Moving Average (HMA), and Volume Weighted Average Price (VWAP) to help traders identify trend direction and potential trade setups. The script provides buy/sell signals based on price action relative to HMA while anchoring the view to volume with VWAP.
📈 What It Does and How
- Heikin-Ashi Calculations: Reduces noise by averaging candle structure, revealing clearer trend direction.
- Hull Moving Average (HMA): A fast, smooth-moving average applied to Heikin-Ashi close prices, tuned to respond quickly to shifts in momentum.
- VWAP Line: Acts as a dynamic fair-value reference, balancing price against volume over time.
- Signal Logic: Generates visual Buy/Sell signals when the Heikin-Ashi close crosses the HMA.
🧠 Recommended Enhancements Using RSI + ATR
For more refined entries and exits, use this indicator alongside Relative Strength Index (RSI) and Average True Range (ATR):
- RSI for Momentum Confirmation: Ensure the buy signals align with upward momentum—RSI climbing from oversold zones adds conviction.
- ATR for Volatility Awareness: Use ATR to size stops and evaluate risk. Avoid trades during volatility spikes or when ATR exceeds typical thresholds.
- Three-Leg Alignment: When HA/HMA signal agrees with RSI momentum and ATR shows stable conditions, you get high-quality trade setups with better timing and risk control.
This fusion helps discretionary traders filter noise and make confident decisions rooted in price action, volume, momentum, and volatility.
⚙️ Chart Display
- HMA: red line
- VWAP: gray line
- Buy/Sell labels: green below bars for buys, red above bars for sells
- Clean layout optimized for visual clarity
This script is open-source and does not use future data or issue caution warnings. It’s designed to assist manual trading strategies, not provide automated trading decisions.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。