OPEN-SOURCE SCRIPT
Filter EMA200 (HTF) + Trigger HMA (with HTF)
Trend Filter: EMA200 calculated on the 5-minute timeframe, plotted on the current chart. It acts as the main directional filter.
Trigger: Hull Moving Average (HMA) with adjustable length and selectable source timeframe (default HMA24 on 1-minute). It provides faster entries and exits.
Trading logic is simple:
Only take long signals when price closes above both the filter EMA and the trigger HMA.
Only take short signals when price closes below both lines.
This combination helps reduce false breakouts while keeping entries fast and responsive.
Trigger: Hull Moving Average (HMA) with adjustable length and selectable source timeframe (default HMA24 on 1-minute). It provides faster entries and exits.
Trading logic is simple:
Only take long signals when price closes above both the filter EMA and the trigger HMA.
Only take short signals when price closes below both lines.
This combination helps reduce false breakouts while keeping entries fast and responsive.
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.
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.