HullAverage
ProRealTime v11Returns the Hull Moving Average value.
Syntax:
|
1 |
HullAverage[period](price) |
Where:
- period= calculation period of the Hull Moving Average (default period is 20)
- price= applied price for the calculation of the HMA (default is Close)
The Hull Moving Average (HMA), developed by Alan Hull, is an extremely fast and smooth moving average.
Interpretation:
A long term HMA (ex: 200) may be used to identify trend:
– If the long HMA is rising, the prevailing trend is bullish.
– If the long HMA is rising, the prevailing trend is bearish.
A short term HMA may be used to generate signals in the direction of the main trend indicated by the long HMA:
– A bullish signal is given when the short term HMA turns upwards while the long term HMA is increasing.
– A bearish signal is given when the short term HMA turns downwards while the long term HMA is decreasing.
