Hull Weighted Exponential Moving Average

BTCUSDT

Open source version of the Hull Weighted Exponential Moving Average as described by Vincent Charles in [Hull-WEMA: A Novel Zero-Lag Approach in the Moving Average Family]


█ OVERVIEW

The study takes into considerations two variants of MA.

Namely:

• Weighted Exponential Moving Average (WEMA)
  
• Hull Moving Average (HMA)
  

WEMA, which was introduced in 2013, has been widely used in different scenarios but still suffers from lags.
To address this shortcoming, a novel zero-lag Hull-WEMA method is proposed that combines HMA and WEMA.
Results show that the new approach achieves a better accuracy level than both HMA and WEMA.


█ SIGNALS

The indicator generates:

• a LONG signal when switching color from RED to GREEN
  
• a SHORT signal when switching color from GREEN to RED
  Additionally is available an option to color the candles on your chart to confirm the signals and filter ranges.

Release Notes:

█ ADDED ALERTS

Is now possible to create alerts to trigger when "Long", "Short" or "Both" conditions are satisfied.

To do so:

• go into the indicator settings
  
• change the "Alerts" option to "Long", "Short" or "Both" as you prefer
  
• click on the Alert button from the toolbox on top of the chart
  
• under the "Condition" section choose "HWEMA"
  
• under the "Alert actions" section choose where you want to receive the alerts
  
• under the "Alert name" section you can delete everything except for HWEMA
  
• click "Create" to start receiving alerts