OPEN-SOURCE SCRIPT
Hull Moving Average Convergence/Divergence
This is a Low Lag MACD made by replacing the 2 emas in the built in macd with hull moving averages. The function in the script for the Hull Moving Average is the work of user RicardoSanto - Thanks Ricardo, good work!
The 2 averages cross, histogram zero cross and price cross often closely coincide with minimal lag.
By itself it is useful and to me more clear that the standard macd using emas but in trading I use it with the EFI built in Elder Ray Force index which I want to have
either (Bull) above zero or briskly ascending or (Bear) below zero or briskly descending. As further confirmation I use a 50 period hull moving average (a built in) -
this confirmation being the price is crossing or has passed above it (Bull) or below it (Bear).
This indicator and combination seem to work well on the stocks and etfs I trade options on. Not sure if EFI would be as effective on Forex because there is no central
volume information source as there is with instruments that are traded through a single exchange. ??
Anyway good luck with this if you try it and any comments (on this my first script ) are welcome.
The 2 averages cross, histogram zero cross and price cross often closely coincide with minimal lag.
By itself it is useful and to me more clear that the standard macd using emas but in trading I use it with the EFI built in Elder Ray Force index which I want to have
either (Bull) above zero or briskly ascending or (Bear) below zero or briskly descending. As further confirmation I use a 50 period hull moving average (a built in) -
this confirmation being the price is crossing or has passed above it (Bull) or below it (Bear).
This indicator and combination seem to work well on the stocks and etfs I trade options on. Not sure if EFI would be as effective on Forex because there is no central
volume information source as there is with instruments that are traded through a single exchange. ??
Anyway good luck with this if you try it and any comments (on this my first script ) are welcome.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。