OPEN-SOURCE SCRIPT
Hull MA Dynamic Ribbon [LB]
Hello friend!
Hull MA Dynamic Ribbon
The Hull MA Dynamic Ribbon is a high-performance trend-following tool designed to filter market noise while eliminating the lag found in traditional moving average clouds. By stacking 15 individual Hull Moving Averages, it creates a visual "wave" that tracks price action with surgical precision.
The Problem It Solves
1. The Lag Trap: Standard moving averages (SMA/EMA) often give signals too late. The Hull MA solves this by using a weighted calculation that keeps the indicator "glued" to the current price.
2. False Breakouts: A single line can be misleading. This ribbon uses a volumetric approach; when the ribbon is wide and fanned out, the trend is strong. When it collapses or twists, it warns you of a consolidation or an imminent reversal.
Mathematical Logic & Calculation
The indicator is based on the Hull Moving Average formula, which is calculated as follows:
HMA = WMA(2 * WMA(n/2) - WMA(n), sqrt(n))
The ribbon specifically calculates 15 iterations of this formula:
The fastest line starts at a Base Length (default 20).
Each subsequent line adds a Step (default 10) to the period, reaching up to a Slow Length of 160.
Dynamic Coloring: The script monitors the relationship between the first and last HMA. If HMA(20) > HMA(160), the ribbon turns Green (Bullish). If HMA(20) < HMA(160), it turns Red (Bearish).
Application in Trading
Trend Strength: Look for the "expansion" of the ribbon. A thick ribbon confirms a healthy trend.
Support/Resistance: The ribbon itself acts as a dynamic zone where price often retraces before continuing its move.
The Flip: The color change provides an immediate visual cue for a shift in market sentiment, allowing for faster entries and exits than standard crossover systems.
Hull MA Dynamic Ribbon
The Hull MA Dynamic Ribbon is a high-performance trend-following tool designed to filter market noise while eliminating the lag found in traditional moving average clouds. By stacking 15 individual Hull Moving Averages, it creates a visual "wave" that tracks price action with surgical precision.
The Problem It Solves
1. The Lag Trap: Standard moving averages (SMA/EMA) often give signals too late. The Hull MA solves this by using a weighted calculation that keeps the indicator "glued" to the current price.
2. False Breakouts: A single line can be misleading. This ribbon uses a volumetric approach; when the ribbon is wide and fanned out, the trend is strong. When it collapses or twists, it warns you of a consolidation or an imminent reversal.
Mathematical Logic & Calculation
The indicator is based on the Hull Moving Average formula, which is calculated as follows:
HMA = WMA(2 * WMA(n/2) - WMA(n), sqrt(n))
The ribbon specifically calculates 15 iterations of this formula:
The fastest line starts at a Base Length (default 20).
Each subsequent line adds a Step (default 10) to the period, reaching up to a Slow Length of 160.
Dynamic Coloring: The script monitors the relationship between the first and last HMA. If HMA(20) > HMA(160), the ribbon turns Green (Bullish). If HMA(20) < HMA(160), it turns Red (Bearish).
Application in Trading
Trend Strength: Look for the "expansion" of the ribbon. A thick ribbon confirms a healthy trend.
Support/Resistance: The ribbon itself acts as a dynamic zone where price often retraces before continuing its move.
The Flip: The color change provides an immediate visual cue for a shift in market sentiment, allowing for faster entries and exits than standard crossover systems.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.