OPEN-SOURCE SCRIPT
Hull Moving Average based strategy

This is a simple Hull Moving Average based strategy using a short term HMA for signal generation and a long term HMA for filtering purposes.
A long entry is generated if the short term HMA changes direction from decreasing to increasing values and if the long term HMA indicates an uptrend (i.e. previous value < current value)
A short entry is generated if the short term HMA changes direction from increasing to decreasing values and if the long term HMA indicates a downtrend (i.e. previous value > current value)
Positions are closed using an ATR based stop loss/take profit system. Stop Loss (red) and Take Profit (blue) levels are plotted on the chart.
A long entry is generated if the short term HMA changes direction from decreasing to increasing values and if the long term HMA indicates an uptrend (i.e. previous value < current value)
A short entry is generated if the short term HMA changes direction from increasing to decreasing values and if the long term HMA indicates a downtrend (i.e. previous value > current value)
Positions are closed using an ATR based stop loss/take profit system. Stop Loss (red) and Take Profit (blue) levels are plotted on the chart.
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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.
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.