OPEN-SOURCE SCRIPT
RM-HMA CROSS
Hull Moving Average (HMA) is a popular technical indicator used by traders to smooth price data and identify trends while reducing lag more effectively than traditional moving averages like the simple moving average (SMA) or exponential moving average (EMA). Developed by Alan Hull, the HMA is designed to capture short-term price movements while minimizing the noise and delay (lag) that often come with moving averages. When used in combination with HMA crossovers, traders aim to identify changes in market trends and potential buy/sell signals.
SIGNIGNIFICANCES:
1. Reduced Lag and Faster Signal Detection
2. Smoothing Out Market Noise
3. Identifying Trend Reversals
4. Less Reliable in Ranging or Sideways Markets
TRADING METHOD:
BUY: When candles are above HMA band and band is green.
SELL: When candles are below HMA band and band is red.
Caution: Less Reliable in Ranging or Sideways Markets
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