OPEN-SOURCE SCRIPT
Updated Triple HMA Colored [Chichomax]
Triple HMA Colored Indicator Description
The Triple HMA Colored indicator is a sophisticated technical analysis tool designed to enhance trend identification by displaying three Hull Moving Averages (HMAs) on your chart, each with fully customizable periods and dynamic color settings. This indicator is built on the refined HMA calculation method, which leverages weighted moving averages (WMAs) to generate smooth and responsive trend lines with minimal lag.
Key Features:
- Triple HMA Setup:
Displays three HMAs, each computed with different, user-configurable periods, enabling multi-timeframe analysis in a single indicator.
- Dynamic Color Coding:
Each HMA line is color-coded based on its directional movement. When the current HMA value exceeds the previous value, the line is drawn in the designated "up" color, and when it falls below, it switches to the "down" color. This provides immediate visual cues for trend shifts.
- Customizable Inputs:
Users can adjust the period lengths for each of the three HMAs and select from six different color options (two for each HMA) directly from the indicator’s settings panel, ensuring that the tool can be tailored to match various trading strategies and visual preferences.
- Efficient Trend Detection:
By combining the speed of WMAs with the smoothness of the Hull Moving Average, this indicator offers a reliable method to detect market momentum changes, making it a valuable asset for both trend-following and counter-trend strategies.
Ideal for traders who demand flexibility and clarity in their chart analysis, the Triple HMA Colored indicator simplifies the process of tracking market trends across multiple timeframes while providing clear, visual signals for potential entry and exit points.
The Triple HMA Colored indicator is a sophisticated technical analysis tool designed to enhance trend identification by displaying three Hull Moving Averages (HMAs) on your chart, each with fully customizable periods and dynamic color settings. This indicator is built on the refined HMA calculation method, which leverages weighted moving averages (WMAs) to generate smooth and responsive trend lines with minimal lag.
Key Features:
- Triple HMA Setup:
Displays three HMAs, each computed with different, user-configurable periods, enabling multi-timeframe analysis in a single indicator.
- Dynamic Color Coding:
Each HMA line is color-coded based on its directional movement. When the current HMA value exceeds the previous value, the line is drawn in the designated "up" color, and when it falls below, it switches to the "down" color. This provides immediate visual cues for trend shifts.
- Customizable Inputs:
Users can adjust the period lengths for each of the three HMAs and select from six different color options (two for each HMA) directly from the indicator’s settings panel, ensuring that the tool can be tailored to match various trading strategies and visual preferences.
- Efficient Trend Detection:
By combining the speed of WMAs with the smoothness of the Hull Moving Average, this indicator offers a reliable method to detect market momentum changes, making it a valuable asset for both trend-following and counter-trend strategies.
Ideal for traders who demand flexibility and clarity in their chart analysis, the Triple HMA Colored indicator simplifies the process of tracking market trends across multiple timeframes while providing clear, visual signals for potential entry and exit points.
Release Notes
Triple HMA Colored Indicator DescriptionThe Triple HMA Colored indicator is a sophisticated technical analysis tool designed to enhance trend identification by displaying three Hull Moving Averages (HMAs) on your chart, each with fully customizable periods and dynamic color settings. This indicator is built on the refined HMA calculation method, which leverages weighted moving averages (WMAs) to generate smooth and responsive trend lines with minimal lag.
Triple HMA Setup:
Displays three HMAs, each computed with different, user-configurable periods, enabling multi-timeframe analysis in a single indicator.
Dynamic Color Coding:
Each HMA line is color-coded based on its directional movement. When the current HMA value exceeds the previous value, the line is drawn in the designated "up" color, and when it falls below, it switches to the "down" color. This provides immediate visual cues for trend shifts.
Customizable Inputs:
Users can adjust the period lengths for each of the three HMAs and select from six different color options (two for each HMA) directly from the indicator’s settings panel, ensuring that the tool can be tailored to match various trading strategies and visual preferences.
Efficient Trend Detection:
By combining the speed of WMAs with the smoothness of the Hull Moving Average, this indicator offers a reliable method to detect market momentum changes, making it a valuable asset for both trend-following and counter-trend strategies.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.