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Hull Oscillator

OmegaTools  
Hull Moving Average (HMA) Moving Average Convergence / Divergence (MACD) Trend Analysis hullmovingaverage volumeaverage macdcross
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hullma macd trendanalysis hullmovingaverage volumeaverage macdcross
This oscillator comprehends two different indicators:
- The first one is a MACD but calculated using the Hull Moving Average.
- The second one is to show the direction in which the Hull Moving Average is going.

Notice that in the first indicator, the histogram is colored as follows:
- If the volume pressure (difference between the volume-weighted moving average and the normal one) is positive both for the short term and the long term, it's green, if negative it's red, and if not is simply gray.

This tool can be used both for:
- Analyze the direction to have a bias to follow
- Analyze the divergences
- Obtain the signal to enter and exit the trade
- Analyze the market strength with volume to confirm the signal
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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