This indicator analyzes short-term price action on index futures and options charts by applying Rational Quadratic kernel smoothing to detect sideways consolidation ranges and potential breakouts. It processes pivot highs and lows over customizable loopback pe
Indicator · Pine Script v4 · On the chart
HMA-Kahlman Trend & Trendlines
This indicator overlays two Hull Moving Average variations smoothed with an optional Kalman filter directly on the price chart.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code76
Settings9inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
HMA-Kahlman Trend & Trendlines fills the space between the two curves with dynamic trend colors and generates buy and sell signal labels when the curves cross. A secondary module detects pivot highs and lows using a configurable lookback window, plotting historical pivot points and drawing extended dotted trendlines along their slopes. Users can configure the lookback lengths, Kalman filter gain, plot offsets, and toggle modules individually.
- Hull Moving Average paired with three-part HMA
- Kalman filter smoothing with adjustable gain
- Bullish and bearish crossover signal labels
- Automated pivot-based dotted trendlines
- Dual-line shaded trend cloud
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Moving averages, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Price Data (hl2) | source | hl2 | price |
| ===HMA-Kahlman Trend Module=== | bool | true | hkmod |
| Lookback Window | int | 22 | length |
| Use Kahlman | bool | true | k |
| Gain | float | .7 | gain |
| Show Labels? | bool | true | labels |
| Use Offset | bool | true | o |
| ===Trendlines Module=== | bool | true | tlmod |
| Pivots Lookback Window | int | 2 | l1 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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