This proprietary trading indicator, named "Uptrick: HMA Adaptive Trend and Volatility Bands," offers a sophisticated blend of trend detection and volatility measurement for financial markets. Designed to overlay directly on the price chart, it leverages a variety of technical analysis tools to provide clear visual signals and comprehensive market insights.
Key Features:
Hull Moving Average (HMA) with Volatility Bands:
HMA Calculation: Utilizes the Hull Moving Average (HMA) for smooth trend identification, applied to the average price of high and low (hl2).
Adaptive Volatility Bands: Incorporates bands around the HMA based on a responsive standard deviation adjusted by an Exponential Moving Average (EMA). These bands dynamically expand and contract with market volatility.
Parameters:
Length: Configurable period for the HMA and standard deviation (default 14).
Multiplier: Determines the width of the bands (default 2.0).
MACD (Moving Average Convergence Divergence):
MACD Calculation: Includes fast and slow EMA periods with a signal line to detect trend direction and strength.
Histogram: Difference between MACD line and signal line to visualize momentum.
Parameters:
Fast Length: Short-term EMA period (default 6).
Slow Length: Long-term EMA period (default 13).
Signal Length: Signal line EMA period (default 5).
Relative Strength Index (RSI):
RSI Calculation: Measures the speed and change of price movements to identify overbought or oversold conditions.
Parameter:
RSI Length: Period for RSI calculation (default 10).
Average True Range (ATR):
ATR Calculation: Evaluates market volatility by considering the true range over a specified period.
Parameter:
ATR Length: Period for ATR calculation (default 7).
Volume and Liquidity Analysis:
Volume: Directly incorporated into the indicator to gauge market activity.
Liquidity: Assessed using the HMA of volume to determine the ease of trade execution.
Parameter:
Liquidity Length: Period for HMA of volume calculation (default 14).
Trend Identification:
Uptrend Conditions: A combination of positive MACD histogram, RSI above 50, ATR above its HMA, and volume exceeding liquidity.
Downtrend Conditions: Negative MACD histogram, RSI below 50, ATR above its HMA, and volume exceeding liquidity.
Visual Cues: Color-coded background (green for uptrend, red for downtrend) with corresponding labels on the price chart to indicate trend shifts.
Additional Moving Averages and Bollinger Bands:
SMA (Simple Moving Average): Includes 50 and 200-period SMAs for long-term trend analysis.
EMA (Exponential Moving Average): Includes a 20-period EMA for short-term trend analysis.
Bollinger Bands: Standard deviation bands around a 20-period SMA to measure market volatility and identify potential breakout points.
Information Table:
Real-Time Data Display: An optional table that provides current values for key metrics such as price, volume, liquidity, ATR, RSI, MACD histogram, SMAs, EMA, Buy+Sell Pressure, ATH, Global liquidity, Distance from ATH and Bollinger Bands, offering traders a comprehensive snapshot of market conditions.
Visualization:
Upper and Lower Bands: Clearly plotted with distinct colors (blue for upper, red for lower) to highlight volatility boundaries.
Trend Labels: Automatic annotations on the chart to signal uptrend and downtrend conditions.
Background Highlighting: Subtle shading to visually emphasize prevailing trend conditions.
This indicator is designed for traders seeking an advanced tool to detect trends, measure volatility, and make informed trading decisions based on comprehensive technical analysis. By integrating multiple technical indicators and providing clear visual signals, it aims to enhance trading accuracy and market insight.
Key Features:
Hull Moving Average (HMA) with Volatility Bands:
HMA Calculation: Utilizes the Hull Moving Average (HMA) for smooth trend identification, applied to the average price of high and low (hl2).
Adaptive Volatility Bands: Incorporates bands around the HMA based on a responsive standard deviation adjusted by an Exponential Moving Average (EMA). These bands dynamically expand and contract with market volatility.
Parameters:
Length: Configurable period for the HMA and standard deviation (default 14).
Multiplier: Determines the width of the bands (default 2.0).
MACD (Moving Average Convergence Divergence):
MACD Calculation: Includes fast and slow EMA periods with a signal line to detect trend direction and strength.
Histogram: Difference between MACD line and signal line to visualize momentum.
Parameters:
Fast Length: Short-term EMA period (default 6).
Slow Length: Long-term EMA period (default 13).
Signal Length: Signal line EMA period (default 5).
Relative Strength Index (RSI):
RSI Calculation: Measures the speed and change of price movements to identify overbought or oversold conditions.
Parameter:
RSI Length: Period for RSI calculation (default 10).
Average True Range (ATR):
ATR Calculation: Evaluates market volatility by considering the true range over a specified period.
Parameter:
ATR Length: Period for ATR calculation (default 7).
Volume and Liquidity Analysis:
Volume: Directly incorporated into the indicator to gauge market activity.
Liquidity: Assessed using the HMA of volume to determine the ease of trade execution.
Parameter:
Liquidity Length: Period for HMA of volume calculation (default 14).
Trend Identification:
Uptrend Conditions: A combination of positive MACD histogram, RSI above 50, ATR above its HMA, and volume exceeding liquidity.
Downtrend Conditions: Negative MACD histogram, RSI below 50, ATR above its HMA, and volume exceeding liquidity.
Visual Cues: Color-coded background (green for uptrend, red for downtrend) with corresponding labels on the price chart to indicate trend shifts.
Additional Moving Averages and Bollinger Bands:
SMA (Simple Moving Average): Includes 50 and 200-period SMAs for long-term trend analysis.
EMA (Exponential Moving Average): Includes a 20-period EMA for short-term trend analysis.
Bollinger Bands: Standard deviation bands around a 20-period SMA to measure market volatility and identify potential breakout points.
Information Table:
Real-Time Data Display: An optional table that provides current values for key metrics such as price, volume, liquidity, ATR, RSI, MACD histogram, SMAs, EMA, Buy+Sell Pressure, ATH, Global liquidity, Distance from ATH and Bollinger Bands, offering traders a comprehensive snapshot of market conditions.
Visualization:
Upper and Lower Bands: Clearly plotted with distinct colors (blue for upper, red for lower) to highlight volatility boundaries.
Trend Labels: Automatic annotations on the chart to signal uptrend and downtrend conditions.
Background Highlighting: Subtle shading to visually emphasize prevailing trend conditions.
This indicator is designed for traders seeking an advanced tool to detect trends, measure volatility, and make informed trading decisions based on comprehensive technical analysis. By integrating multiple technical indicators and providing clear visual signals, it aims to enhance trading accuracy and market insight.