Hull Line AM

This indicator is a moving average built according to the method proposed by Alan Hull.

The indicator is part of a series of indicators - Hull Line AM, Hull Momentum AM, Hull Candles AM, Hull Signal AM.

The indicator has minimal lag and allows you to effectively follow the trend direction.

The indicator is not redrawn on fully formed bars.

The indicator is supplemented with signals and notifications to the terminal and e-mail.

The application of the indicator is identical to the application of the standard moving average and the main ones are two types of signals:

1. Changing the direction of the moving average (most often effective on periods of less than 1 hour);

1.1. If on the penultimate bar the line is directed upward or horizontal, and on the last formed bar it is directed downward - a sell signal;

1.2. If on the penultimate bar the line is directed down or horizontal, and on the last formed bar it is directed upwards - a buy signal;

2. Change in the location of the closing price relative to the moving average (most often effective for periods of 1 hour or more).

2.1. If the closing price on the penultimate bar is higher than or equal to the indicator line, and on the last bar below the indicator line - a sell signal;

2.2. If the closing price on the penultimate bar is below or equal to the indicator line, and on the last bar below the indicator line - a buy signal.

--- Signals against the long-term trend are only used to close previously open positions. ---

--- Confirmation of the signal is the overcoming by the price of the high/low of the bar on which the signal was given. ---

Attention:

With respect and best wishes,

Andriy Matviyevs'kyy

P.S.

If you liked this product, I would be grateful for a fair assessment - positive user reviews motivate the author, and reasonable criticism allows us to make products better.

I suggest visiting my page where you will find many unique author's works that are the result of many years of studying exchange trading and FOREX trading.