HMA Buy-Sell Signals
HMA Buy-Sell Signals will generate the Buy and Sell Signals, along with the trend of RSI.
The Hull Moving Average is best moving average to rely on as it's very quick and gives instant updates about the moving prices. Hull moving average is more responsive to current security price.
I've used the cross overs of the HMA (Hull moving average) of High and Low with the current script for generating the Buy and Sell signals.
With HMA (Hull moving average), the lags in the moving average are reduced, hence a better view on the price and trend. Once price breaks the upper band, we'll sell and vice-versa for the sell. With the above criteria, I've generated the Buy and Sell signals.
I've also added the background color of the charts to green and red based on the movement of RSI. If RSI is in uptrend, the background color will be in Green where as if the RSI is in downtrend the background will appear as Red.
When there is a Buy Signal on the Green background, it means the 'Buy' and when the background color is Red and signal is for Sell, then only we'll go for sell. Best time frame to follow this indicator is at 15 minutes or higher timeframe.
Hope this indicator is useful to you. Please comment or let me know for any further improvements.
The Hull Moving Average is best moving average to rely on as it's very quick and gives instant updates about the moving prices. Hull moving average is more responsive to current security price.
I've used the cross overs of the HMA (Hull moving average) of High and Low with the current script for generating the Buy and Sell signals.
With HMA (Hull moving average), the lags in the moving average are reduced, hence a better view on the price and trend. Once price breaks the upper band, we'll sell and vice-versa for the sell. With the above criteria, I've generated the Buy and Sell signals.
I've also added the background color of the charts to green and red based on the movement of RSI. If RSI is in uptrend, the background color will be in Green where as if the RSI is in downtrend the background will appear as Red.
When there is a Buy Signal on the Green background, it means the 'Buy' and when the background color is Red and signal is for Sell, then only we'll go for sell. Best time frame to follow this indicator is at 15 minutes or higher timeframe.
Hope this indicator is useful to you. Please comment or let me know for any further improvements.
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