Calculates normalized reversal metrics across up to ten Forex currency pairs using user-selected moving average methods, including HarmonicMA, EMA, SMA, or WMA. The indicator identifies overbought, oversold, and mean-crossing conditions using a configurable th
Indicator · Pine Script v4 · Own pane
HWAP
A Pine v4 indicator in a separate pane that measures how far the close sits from a 50-bar Hull moving average, scaled by the rolling standard deviation of that distance, which makes it a z-score style oscillator.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code45
Settings7inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago19 Mar 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
45 lines of Pine Script v4 from TradingView_old/hWap.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//@version=4
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Tykhe_Ideas
study("HWAP", shorttitle="HWAP")
length = input(20)
smoothness = input(1)
src = input(close)
//--------------------------- Hull Moving average -----------------------------------
hull(x, longitud) =>
hullma = wma(2*wma(x, longitud/2)-wma(x, longitud), round(sqrt(longitud)))
calc_zvwap(pds) =>
//mean = sum(volume * close, pds) / sum(volume, pds)
mean = hull(src, 50)
vwapsd = sqrt(sma(pow(close - mean, 2), pds))
(close - mean) / vwapsd
plot(0)
upperTop = input(2.5)
upperBottom = input(2.0)
lowerTop = input(-2.5)
lowerBottom = input(-2.0)
plot(1, style=3, color=color.gray)
plot(-1, style=3, color=color.gray)
ul1 = plot(upperTop, "OB High")
ul2 = plot(upperBottom, "OB Low")
fill(ul1, ul2, color=color.red)
ll1 = plot(lowerTop, "OS High")
ll2 = plot(lowerBottom, "OS Low")
fill(ll1, ll2, color=color.green)
wvap_smoothness = ema(calc_zvwap(length), smoothness)
plot(wvap_smoothness, title="ZVWAP", color=color.black, linewidth=2)
// Correlation HWAP y activo
c = correlation(wvap_smoothness, close, 21) * 2.5
plot(c)
Overview
Dotted lines mark plus and minus one, and zones near plus and minus two to two and a half are used as overbought and oversold areas. Length, smoothness and band levels are inputs.
- Z-score distance from Hull moving average
- Overbought and oversold zones
- Adjustable length, smoothing and levels
Details
Published by
nvFede on GitHub
Code credit
Tykhe_Ideas, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Mean reversion, Moving averages
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 |
|---|---|---|---|
| length | int | 20 | length |
| smoothness | int | 1 | smoothness |
| src | source | close | src |
| upperTop | float | 2.5 | upperTop |
| upperBottom | float | 2.0 | upperBottom |
| lowerTop | float | -2.5 | lowerTop |
| lowerBottom | float | -2.0 | lowerBottom |
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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