OPEN-SOURCE SCRIPT
TradeFlow Elite
TradeFlow Elite - Fixed Indicator: Detailed Description
Overview
The TradeFlow Elite - Fixed indicator is a modified Hull Moving Average (HMA) system designed for trend detection, entry signals, and visualization in TradingView charts. It provides a smoothed moving average with reduced lag, allowing traders to identify trend changes more effectively. The indicator also includes customizable alerts, dynamic color changes, and a multi-timeframe option to enhance usability.
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// Free telegram bot with LIVE data // send a message to get invite!
Key Features
Hull Moving Average (HMA) Calculation
The indicator applies the Hull Moving Average (HMA) formula, which is a weighted moving average that reduces lag while maintaining smoothness.
The user can modify the length multiplier, adjusting the sensitivity of the trend detection.
Multi-Timeframe Support
Users can choose to display the Hull MA from a higher timeframe (HTF) instead of the current chart timeframe.
This helps traders identify broader trends while trading on lower timeframes.
Dynamic Color Coding for Trend Identification
Green when the Hull Moving Average is trending up (Bullish trend).
Red when the Hull Moving Average is trending down (Bearish trend).
Orange when the default color is used without trend-based color changes.
The color coding helps traders visually confirm trend direction and potential reversals.
Band Visualization Option
The user can choose to display the indicator as a single line or as a band with a secondary Hull MA (previous value).
The band provides additional confirmation of trend strength.
Alerts for Trend Reversals
The script detects changes in trend direction and generates buy or sell alerts accordingly.
The alerts are triggered when:
The color shifts from red to green (Buy signal).
The color shifts from green to red (Sell signal).
These alerts ensure that traders do not miss key trend shifts.
Customizable Settings
Source price: Users can choose which price value (Close, Open, High, Low, etc.) to use in the calculation.
Hull Variation: Currently, only HMA (Hull Moving Average) is used, but future versions could include THMA (Triple Hull MA) or EHMA (Exponential Hull MA).
Line thickness & transparency: Users can modify line width and transparency for better visualization.
Alerts & Labels: The indicator automatically plots labels ("Buy" and "Sell") at trend change points.
Use Case Scenarios
1. Trend Following Strategy
Traders can enter long positions when the Hull MA turns green and exit when it turns red.
It helps eliminate noise from minor price fluctuations and focus on the overall trend.
2. Reversal Trading
A sudden change from red to green or green to red signals a potential market reversal.
Traders can use these alerts to catch early reversals before major price moves.
3. Multi-Timeframe Confirmation
If a trader is scalping on a 5-minute chart, they can enable the higher timeframe setting (e.g., 1-hour or 4-hour) to align trades with the dominant trend.
This helps avoid counter-trend trades.
4. Visual Aid for Manual Trading
The color-changing Hull MA simplifies market structure analysis.
The band visualization provides additional confluence when paired with other technical indicators like RSI, MACD, or volume-based analysis.
Overview
The TradeFlow Elite - Fixed indicator is a modified Hull Moving Average (HMA) system designed for trend detection, entry signals, and visualization in TradingView charts. It provides a smoothed moving average with reduced lag, allowing traders to identify trend changes more effectively. The indicator also includes customizable alerts, dynamic color changes, and a multi-timeframe option to enhance usability.
// join our X account for LIVE market insights: @ForecasterInfo //
// Free telegram bot with LIVE data // send a message to get invite!
Key Features
Hull Moving Average (HMA) Calculation
The indicator applies the Hull Moving Average (HMA) formula, which is a weighted moving average that reduces lag while maintaining smoothness.
The user can modify the length multiplier, adjusting the sensitivity of the trend detection.
Multi-Timeframe Support
Users can choose to display the Hull MA from a higher timeframe (HTF) instead of the current chart timeframe.
This helps traders identify broader trends while trading on lower timeframes.
Dynamic Color Coding for Trend Identification
Green when the Hull Moving Average is trending up (Bullish trend).
Red when the Hull Moving Average is trending down (Bearish trend).
Orange when the default color is used without trend-based color changes.
The color coding helps traders visually confirm trend direction and potential reversals.
Band Visualization Option
The user can choose to display the indicator as a single line or as a band with a secondary Hull MA (previous value).
The band provides additional confirmation of trend strength.
Alerts for Trend Reversals
The script detects changes in trend direction and generates buy or sell alerts accordingly.
The alerts are triggered when:
The color shifts from red to green (Buy signal).
The color shifts from green to red (Sell signal).
These alerts ensure that traders do not miss key trend shifts.
Customizable Settings
Source price: Users can choose which price value (Close, Open, High, Low, etc.) to use in the calculation.
Hull Variation: Currently, only HMA (Hull Moving Average) is used, but future versions could include THMA (Triple Hull MA) or EHMA (Exponential Hull MA).
Line thickness & transparency: Users can modify line width and transparency for better visualization.
Alerts & Labels: The indicator automatically plots labels ("Buy" and "Sell") at trend change points.
Use Case Scenarios
1. Trend Following Strategy
Traders can enter long positions when the Hull MA turns green and exit when it turns red.
It helps eliminate noise from minor price fluctuations and focus on the overall trend.
2. Reversal Trading
A sudden change from red to green or green to red signals a potential market reversal.
Traders can use these alerts to catch early reversals before major price moves.
3. Multi-Timeframe Confirmation
If a trader is scalping on a 5-minute chart, they can enable the higher timeframe setting (e.g., 1-hour or 4-hour) to align trades with the dominant trend.
This helps avoid counter-trend trades.
4. Visual Aid for Manual Trading
The color-changing Hull MA simplifies market structure analysis.
The band visualization provides additional confluence when paired with other technical indicators like RSI, MACD, or volume-based analysis.
Script de código aberto
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 publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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