Efficiency Weighted Hull [BackQuant]Efficiency Weighted Hull
Overview
Efficiency Weighted Hull is a variation of the Hull Moving Average that adjusts the usual Hull lag-compensation term using Kaufman’s Efficiency Ratio.
A standard Hull construction uses:
Fast WMA = WMA(Source, Length / 2)
Slow WMA = WMA(Source, Length)
Hull Raw = 2 × Fast WMA - Slow WMA
Final Hull = WMA(Hull Raw, √Length)
This indicator keeps the same basic structure, but replaces the fixed compensation with an adaptive value between the selected
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