OPEN-SOURCE SCRIPT
Hamming Trend Visualizer (HTV)
This script applies John Ehlers' Hamming Moving Average (HMA) to smooth price data and detects trends with color-coded visualizations. It also generates alerts for significant trend changes.
How to Use:
1. Monitor the bar/candle colors to identify trends and their strength:
2. Use the plotted HMA line as confirmation for trend direction.
3. Watch for alerts signaling significant trend shifts:
4. Adjust the Length and Pedestal inputs to fine-tune the indicator's sensitivity for shorter or longer-term strategies.
How to Use:
1. Monitor the bar/candle colors to identify trends and their strength:
- Strong green → Robust uptrend
- Strong red → Robust downtrend
2. Use the plotted HMA line as confirmation for trend direction.
3. Watch for alerts signaling significant trend shifts:
- Crossover above 1 → Strong Buy
- Crossunder below -1 → Strong Sell
4. Adjust the Length and Pedestal inputs to fine-tune the indicator's sensitivity for shorter or longer-term strategies.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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