Price-Confirmed Hull Moving Average

This is a modified HULL moving average that adds some enhancements providing visual clues as to a change in trend direction. The user can add slight modifications to the abruptness of trend change indications, which are clearly seen by the color change of the hull line itself. The user can also choose to have the background color change for easier visual indication that the hull line has changed slope direction. In addition, the user can either have both the line and the background visuals on, or turn one or the other (or both) off.

The purpose of this HULL moving average is to provide easy identification of trend direction within the scope of the moving average values provided in settings.

Release Notes

Added a new feature that takes into account the previous trend change indication distance to the actual price trend change and plots a dashed line back from the current position the amount equal to the previous offset. This provides an excellent estimation of the likely current offset allowing for anticipating when the Hull ma line is about to change trend color.

Release Notes

Modified the code to draw the dashed horizontal line from the highest or lowest most recent price out into the future to anticipate a rough time when to expect another trend change. It's based on the delay that existed between the previous price trend change and when the Hull line registered it (changed colors).

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

rixtertrader

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

rixtertrader