OPEN-SOURCE SCRIPT
Updated Hull ZigZag
A simple indicator I use to filter out noise. it tracks reversals of a Hull Moving Average, which ultimately highlights short term trends and potential chart patterns. I've also included an option to project the most recent trend forward, if that is something you would like to tinker with.
Release Notes
Added a second trendline to indicate if price trend is accelerating or decelerating. The gray line will follow the colored one, the angle between the lines is indicative of the change in momentum.- if GREEN line is above (RED below) the gray, the trend is parabolic.
- if GREEN line (or RED) is near gray, the trend is linear.
- if GREEN line is below (RED above) the gray, the trend is consolidating.
Release Notes
Added max_bars_back to weed out a bug that causes intermittent errors upon loading.Release Notes
just to update pictureOpen-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.
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
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.
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.