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LowLag Channel Stoch

This study is an experiment utilizing the Hull Filter technique applied to an exponential moving average that has a relatively low lag to analyze trend activity. The Hull method is adjusted by the length.

A modified stochastic is used to help confirm buy/sell opportunities. The stochastic limits of 0.2 and 0.8 may be adjusted.

The up/down arrows indicate buy/sell opportunities. At the color change a buy/sell condition is indicated. Confirmation is by the stochastic passing through the appropriate limits. A third confirmation should be considered.

The initial signals are occasionally repeated because of the wait for 2 time instants. This is included because some buy/sell opportunities were missed without the wait.
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.

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