OPEN-SOURCE SCRIPT
Hull MA with 4 StdDev Bands
ull MA with Multi-StdDev Bands
This indicator plots a Hull Moving Average (HMA) of (High + Low) / 2 with a default length of 90, surrounded by four customizable standard deviation bands.
Features:
Dynamic Hull MA coloring: Green when price trend is rising, red when falling.
Customizable deviation levels: Default set to 1.2, 1.4, 1.6, and 1.8 standard deviations, adjustable in the settings.
4 upper and 4 lower volatility bands: Based on the standard deviation of price relative to the Hull MA, providing a clear visual of potential overbought and oversold zones.
Uses:
Identify trend direction quickly via Hull MA color change.
Monitor volatility expansion/contraction.
Spot potential reversal or breakout areas when price interacts with outer bands.
This indicator plots a Hull Moving Average (HMA) of (High + Low) / 2 with a default length of 90, surrounded by four customizable standard deviation bands.
Features:
Dynamic Hull MA coloring: Green when price trend is rising, red when falling.
Customizable deviation levels: Default set to 1.2, 1.4, 1.6, and 1.8 standard deviations, adjustable in the settings.
4 upper and 4 lower volatility bands: Based on the standard deviation of price relative to the Hull MA, providing a clear visual of potential overbought and oversold zones.
Uses:
Identify trend direction quickly via Hull MA color change.
Monitor volatility expansion/contraction.
Spot potential reversal or breakout areas when price interacts with outer bands.
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.