Hull Moving Average
Integrating the Hull Moving Average with the Amibroker data feed allows for a smoother depiction of market trends. An Amibroker AFL incorporating this indicator assists traders in discerning trend directions more accurately for improved trade decisions.
/SECTION_BEGIN("Hull Moving Average version 1.0");
/***************************************/
/* Hull Moving Average version 1.0 */
/* by Avi b a */
/* The Hull Moving Average solves the age
old dilemma of making a moving average more
responsive to current price activity whilst maintaining curve smoothness...
read more at- http://www.ensignsoftware.com/tips/tradingtips72.htm */
/***************************************/
//SetChartBkColor(16);
Period = Param("Period",26,1,100,1);
Hull = WMA( 2*WMA(C,int(Period/2))- WMA(C,Period),int(sqrt(Period)));
Plot(C,"close", colorBlack , styleBar);
for( i = 1 ; i < BarCount-2; i++ )
{
if (hull[i] hull[i-1] && hull[i] >hull[i+1])
Lpmh[i]=1;
else
Lpmh[i] =0;
}
GR =ExRem(LpmH,Lpmh);
RD =ExRem(Lpml,Lpml);
PlotShapes(IIf(GR!=0,shapeSmallCircle,shapeNone),colorRed,0,hull,0);
PlotShapes(IIf(RD!=0,shapeSmallCircle,shapeNone),colorGreen,0,hull,0);
Plot(Hull,"Hull "+Period+" days",ParamColor( "Color", colorBlue ), styleLine);
_SECTION_END();