OPEN-SOURCE SCRIPT
Hull MA Multi-Time Frame 30 minutes
A Hull Moving Average (HMA) plotted on a fixed 30-minute timeframe gives a smooth, lag-free trend indication by filtering out noise.
When multiple HMAs of varying lengths converge near the lower side, it signals bullish accumulation, suggesting that sellers are exhausted and buyers are stepping in.
Conversely, when HMAs form a bouquet or cluster near the top, it indicates distribution or weakening momentum, signaling a potential bearish reversal.
In essence, HMA alignment and convergence act as a visual gauge of trend strength and turning points in market sentiment.
When multiple HMAs of varying lengths converge near the lower side, it signals bullish accumulation, suggesting that sellers are exhausted and buyers are stepping in.
Conversely, when HMAs form a bouquet or cluster near the top, it indicates distribution or weakening momentum, signaling a potential bearish reversal.
In essence, HMA alignment and convergence act as a visual gauge of trend strength and turning points in market sentiment.
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Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.