OPEN-SOURCE SCRIPT
HMA Comparison Plot
https://www.tradingview.com/chart/OsBXckpZ/
I use this on any time frame and it should work fine on the price action of any instrument. Since there is more information in longer time frames I give them more weight.
The four rows of circles / dots (1 column of 4 for each bar) show the relationship between 5 Hull moving averages. The top dot compares the variable "len" wihout quotes ("Length" input, the fastest moving average) with len1 (the next moving average - the next four beginning with this are longer than the previous by the "Sequential Spacing . ." input) if the fastest is above the next the top dot is green else it is red. The next 3 dots compare the rest of the 5.
It works well to confirm other indicators and using Hull moving averages minimizes lag.
Like all indicators it tells very well the past so while using them to firm expectations I place my trades knowing the odds are very near 50/50 on the direction of the next bar.
Have fun and good luck with this and Keep smiling! Tom1trader
I use this on any time frame and it should work fine on the price action of any instrument. Since there is more information in longer time frames I give them more weight.
The four rows of circles / dots (1 column of 4 for each bar) show the relationship between 5 Hull moving averages. The top dot compares the variable "len" wihout quotes ("Length" input, the fastest moving average) with len1 (the next moving average - the next four beginning with this are longer than the previous by the "Sequential Spacing . ." input) if the fastest is above the next the top dot is green else it is red. The next 3 dots compare the rest of the 5.
It works well to confirm other indicators and using Hull moving averages minimizes lag.
Like all indicators it tells very well the past so while using them to firm expectations I place my trades knowing the odds are very near 50/50 on the direction of the next bar.
Have fun and good luck with this and Keep smiling! Tom1trader
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。