Exponential Hull Moving Average — Indicator by BT_Capital

This script is a tweaked version of the Exponential Hull Moving Average that allows you to introduce a longer lookback period for reversal signals. In all current implementations of the EHMA, the reversal (color change from red to green) is calculated by taking the current value of the MA and comparing it to the previous calculated value. This EHMA version allows you to alter the lookback for more conservative reversal signals. The default value is 3, meaning if the EMA is greater than the value of the EHMA calculated 3 periods ago, it will turn green. This makes it less responsive, and less prone to early signalling.

Release Notes:

Now Overlaid on chart automatically

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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