A Hull Moving Average (HMA) slope oscillator. It uses a HMA slope to identify up/down trends. Usage is simple: adjust the HMA and signal length according to your needs. Long orders start when the bar changes from under (the zero line) to over the zero line. You can also spot "early" long entries when the bar moves close to the zero line. Short orders should be placed when a red bar appears after blue bars (top of the mountain).
"Play" with the length to find the best settings for your trading strategy.
** I have not added alerts. If you need alerts just let me know and I will be happy to update this indicator.
this is awesome thanks! the positive but falling slope turns pink, can I make it so that the negative but rising slope turns blue?
Daniel_Ge
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@RichLeMond, Hi and sorry for the late reply. Do you mean something like the green one here:
masanosuke78
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This is exactly what I was looking for. Set an alert for the Signal line to cross zero for long or short. Works great. I use this together with TTM Squeeze and TTM wave.