Hull MA x4 acc — Indicator by IldarAkhmetgaleev

accelerator hull

buy when bars turns from red to middle green and sale when values become middle red
do not wrok on side move

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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Want to use this script on a chart?

// by AkhIL (http://akhil.ru)
// buy when bars turns from red to middle green and sale when values become middle red
// do not wrok in side move

study(title = "Hull MA x4 accelerator", shorttitle="HMAx4 acc")
source = close, length = input(20, minval=1)
hullma1 = wma(2*wma(source, length/2)-wma(source, length), round(sqrt(length)))
hullma2 = wma(2*wma(source, length)-wma(source, length*2), round(sqrt(length*2)))
hullma3 = wma(2*wma(source, length*2)-wma(source, length*4), round(sqrt(length*4)))
hullma4 = wma(2*wma(source, length*4)-wma(source, length*8), round(sqrt(length*8)))

up = ((close > hullma1) + (close > hullma2) + (close > hullma3) + (close > hullma4))
// down = ((close < hullma1) + (close < hullma2) + (close < hullma3) + (close < hullma4))

plot(up / 4 * 100, color=green, style=columns)
plot(up / 4 * 100, color=red, style=columns, histbase=100)