Open source version of the Hull Weighted Exponential Moving Average as described by Vincent Charles in [Hull-WEMA: A Novel Zero-Lag Approach in the Moving Average Family]
█ OVERVIEW
The study takes into considerations two variants of MA.
Namely:
Weighted Exponential Moving Average (WEMA)
Hull Moving Average (HMA)
WEMA, which was introduced in 2013, has been widely used in different scenarios but still suffers from lags. To address this shortcoming, a novel zero-lag Hull-WEMA method is proposed that combines HMA and WEMA. Results show that the new approach achieves a better accuracy level than both HMA and WEMA.
█ SIGNALS
The indicator generates:
a LONG signal when switching color from RED to GREEN
a SHORT signal when switching color from GREEN to RED
Additionally is available an option to color the candles on your chart to confirm the signals and filter ranges.
發布通知
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█ ADDED ALERTS
Is now possible to create alerts to trigger when "Long", "Short" or "Both" conditions are satisfied.
To do so:
go into the indicator settings
change the "Alerts" option to "Long", "Short" or "Both" as you prefer
click on the Alert button from the toolbox on top of the chart
under the "Condition" section choose "HWEMA"
under the "Alert actions" section choose where you want to receive the alerts
under the "Alert name" section you can delete everything except for HWEMA
@Nick42_for_win, dear sir,i just dont know what the choice of condition should be,the type of cryptor or the hwema.And i also dont know what the next step should be.If you can show us all how to set alerts in your script,that will be the best.
Nick42_for_win
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The asset you will receive alerts on is the one where you have created the alerts. To know how to create an alert you can check in the description of this script.