OPEN-SOURCE SCRIPT
Multi-Timeframe Hull Moving Average (HMA) Candle Projection
### Overview
The **Multi-Timeframe Hull Moving Average (HMA) Candle Projection** is a lightweight, clean chart overlay designed for traders utilizing multi-timeframe analysis.
Instead of traditional higher timeframe candlestick data, this tool applies a **Hull Moving Average (HMA)** calculation directly to the Open, High, Low, and Close (OHLC) values of a higher session. This extracts the noise-filtering benefits of a Hull Moving Average while still structuring the resulting data into recognizable candle bodies and wicks.
### Key Features
* **Live Sidebar Projection:** Rather than plotting blocks directly on top of your current price chart, this script cleanly isolates the real-time higher timeframe Hull candle to the right margin of your layout. This keeps your execution window clutter-free.
* **Lag Minimization:** By processing structural candle boundaries through the Hull formula, it smooths out higher timeframe data without introducing the heavy lag associated with standard simple moving averages.
* **Pine Script v6 Compliant:** Rewritten using the strict syntax rules of version 6 to ensure rapid rendering and seamless compatibility with modern TradingView engine performance metrics.
### How to Read & Use
1. **Trend Identification:** When the projected candle body is green, the higher timeframe Hull trend is bullish (Close >= Open). When it is red, the higher timeframe Hull trend is bearish (Close < Open).
2. **Top-Down Coordination:** This is highly effective for filtering micro-execution charts against macro-trends. For example, look for long setups on a 5-minute chart only when the 15-minute or 1-hour projected Hull candle on the right is green.
3. **Settings Controls:** Double-click the indicator to alter the higher timeframe source resolution (e.g., changing it from 15 to 60 or W for Weekly), modify the HMA lookback length (default is 9), or shift the candle further into your right margin screen space.
The **Multi-Timeframe Hull Moving Average (HMA) Candle Projection** is a lightweight, clean chart overlay designed for traders utilizing multi-timeframe analysis.
Instead of traditional higher timeframe candlestick data, this tool applies a **Hull Moving Average (HMA)** calculation directly to the Open, High, Low, and Close (OHLC) values of a higher session. This extracts the noise-filtering benefits of a Hull Moving Average while still structuring the resulting data into recognizable candle bodies and wicks.
### Key Features
* **Live Sidebar Projection:** Rather than plotting blocks directly on top of your current price chart, this script cleanly isolates the real-time higher timeframe Hull candle to the right margin of your layout. This keeps your execution window clutter-free.
* **Lag Minimization:** By processing structural candle boundaries through the Hull formula, it smooths out higher timeframe data without introducing the heavy lag associated with standard simple moving averages.
* **Pine Script v6 Compliant:** Rewritten using the strict syntax rules of version 6 to ensure rapid rendering and seamless compatibility with modern TradingView engine performance metrics.
### How to Read & Use
1. **Trend Identification:** When the projected candle body is green, the higher timeframe Hull trend is bullish (Close >= Open). When it is red, the higher timeframe Hull trend is bearish (Close < Open).
2. **Top-Down Coordination:** This is highly effective for filtering micro-execution charts against macro-trends. For example, look for long setups on a 5-minute chart only when the 15-minute or 1-hour projected Hull candle on the right is green.
3. **Settings Controls:** Double-click the indicator to alter the higher timeframe source resolution (e.g., changing it from 15 to 60 or W for Weekly), modify the HMA lookback length (default is 9), or shift the candle further into your right margin screen space.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.