Rate of Change of Hull MA

surferdude

New member
VIP
Hi all,

I'm having trouble plotting a rate of change indicator of the Hull Moving Average, not price. Even though the Hull is the most responsive of the MA's I'm basically looking to view when the ROC of the MA starts to change direction thereby anticipating when the actual MA changes direction. Just a way of seeing if we can reduce the lag just a little bit more. I was thinking of a default input length of 3 or 5. Can anyone help with this? Thanks! Also, maybe even add EMA/WMA/SMA.
 

horserider

Well-known member
VIP
Code:
declare lower;

input price = close;
input length = 20;
input displace = 0;

def HMA = MovingAverage(AverageType.HULL, price, length)[-displace];

input colorNormLength = 14;

assert(length > 0, "'length' must be positive: " + length);

plot ROC = if hma[length] != 0 then (hma / hma[length] - 1) * 100 else 0;
plot ZeroLine = 0;

input length3 = 3;
input length10 = 10;
plot rocavg3 = simpleMovingAvg(roc,length3);
plot rocavg10 = simpleMovingAvg(roc,length10);

ROC.DefineColor("Highest", Color.YELLOW);
ROC.DefineColor("Lowest", Color.LIGHT_RED);
ROC.AssignNormGradientColor(colorNormLength, ROC.color("Lowest"), ROC.color("Highest"));
ZeroLine.SetDefaultColor(GetColor(5));
 

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Top