THMA
THMA MTF
This indicator plots the Triangular Hull Moving Average (THMA), a smooth and responsive moving average based on the Hull concept. The formula follows the standard THMA definition used across multiple public TradingView scripts and libraries:
THMA = WMA( 3*WMA(src, L/3) - WMA(src, L/2) - WMA(src, L), L )
The idea behind THMA comes from the broader Hull Moving Average family, adapted with a triangular weighting scheme to reduce lag while keeping the line smooth. This implementation is my own Pine Script version, built from publicly available documentation and open-source THMA scripts on TradingView.
Features:
- Source and length are configurable (default length: 21).
- Line color changes depending on price position:
- Green when close is above THMA.
- Red when close is below THMA.
- Optional higher timeframe mode: you can calculate THMA on a higher timeframe (e.g., 5 min, 15 min, 1h) and display it on your current chart.
Use it as a trend filter or dynamic support/resistance level. As with any indicator, it’s best combined with your own price action and risk management rules.
This indicator plots the Triangular Hull Moving Average (THMA), a smooth and responsive moving average based on the Hull concept. The formula follows the standard THMA definition used across multiple public TradingView scripts and libraries:
THMA = WMA( 3*WMA(src, L/3) - WMA(src, L/2) - WMA(src, L), L )
The idea behind THMA comes from the broader Hull Moving Average family, adapted with a triangular weighting scheme to reduce lag while keeping the line smooth. This implementation is my own Pine Script version, built from publicly available documentation and open-source THMA scripts on TradingView.
Features:
- Source and length are configurable (default length: 21).
- Line color changes depending on price position:
- Green when close is above THMA.
- Red when close is below THMA.
- Optional higher timeframe mode: you can calculate THMA on a higher timeframe (e.g., 5 min, 15 min, 1h) and display it on your current chart.
Use it as a trend filter or dynamic support/resistance level. As with any indicator, it’s best combined with your own price action and risk management rules.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.