@samer800 I'll appreciate if you can convert "Hull Butterfly Oscillator [Lux View]".
https://www.tradingview.com/script/xtuVIaa8-Hull-Butterfly-Oscillator-LuxAlgo/
The Hull Butterfly Oscillator (HBO) is an oscillator constructed from the difference between a regular Hull Moving Average (HMA) and another with coefficients flipped horizontally.
Levels are obtained from cumulative means of the absolute value of the oscillator. These are used to return dots indicating potential reversal points.
Usage:
The oscillator can be used like most available oscillators. The sign of the HBO allows determining the current trend direction, while divergences with price might indicate potential reversals. The displayed levels can additionally indicate whether the market is overbought or oversold. When the direction of the oscillator changes while being above the upper or lower level a red dot (if above upper level) or green dot (if under lower level) will be displayed, indicating a potential reversal.
https://www.tradingview.com/script/xtuVIaa8-Hull-Butterfly-Oscillator-LuxAlgo/
The Hull Butterfly Oscillator (HBO) is an oscillator constructed from the difference between a regular Hull Moving Average (HMA) and another with coefficients flipped horizontally.
Levels are obtained from cumulative means of the absolute value of the oscillator. These are used to return dots indicating potential reversal points.
Usage:
The oscillator can be used like most available oscillators. The sign of the HBO allows determining the current trend direction, while divergences with price might indicate potential reversals. The displayed levels can additionally indicate whether the market is overbought or oversold. When the direction of the oscillator changes while being above the upper or lower level a red dot (if above upper level) or green dot (if under lower level) will be displayed, indicating a potential reversal.
