Triple Modified Hull Moving Average Cross By <Zakaria>

The Triple Modified Hull Moving Average Cross indicator provides a sophisticated trend-following system that utilizes three customized Hull Moving Average (HMA) variations to identify potential golden and death crosses with reduced lag and increased responsiveness.

Usage

The Triple Modified Hull Moving Average Cross is designed primarily for high-timeframe analysis, such as daily (1D) or weekly (1W) charts, to filter out market noise and identify significant trend shifts. It utilizes three distinct lines (referred to as HMA 1, HMA 2, and HMA 3) to generate signals based on their interactions.

Primary Trend Signals (HMA 3 vs. HMA 1)

The relationship between the fast line (HMA 3) and the slow line (HMA 1) defines the major trend direction:

• Golden Cross: When HMA 3 crosses above HMA 1, it indicates a significant bullish reversal or the start of an uptrend.
• Death Cross: When HMA 3 crosses below HMA 1, it signals a significant bearish reversal or the start of a downtrend.

Secondary Trend Signals (HMA 3 vs. HMA 2)

The relationship between the fast line (HMA 3) and the medium line (HMA 2) provides earlier entries and exits:

• Golden Cross: When HMA 3 crosses above HMA 2, it suggests upward momentum is building.
• Death Cross: When HMA 3 crosses below HMA 2, it suggests downward momentum is building.

On the weekly timeframe, the lag between these lines is minimized, making it a viable tool for identifying the exhaustion points of long-term bull or bear markets.

Details

The core of this tool lies in the "Modified Hull Moving Average" formula. While the standard Hull Moving Average (HMA) already seeks to reduce lag while maintaining smoothness, this modified version alters the calculation length divisors (using a length/3 factor instead of the traditional length/2) and applies Weighted Moving Averages (WMA) to achieve a more reactive output.

The script calculates three separate modified HMAs with different lengths (Default: 133, 24, and 19). By comparing these three variations, the indicator creates a multi-layered confirmation system that identifies momentum shifts faster than traditional SMA or EMA crossovers.

Settings

Main Settings

• Length 1: Determines the period for the slowest modified HMA (HMA 1). Higher values are used for long-term trend identification.
• Source 1: The price data used for the HMA 1 calculation (e.g., Close, Open, HL2).
• Length 2: Determines the period for the medium-speed modified HMA (HMA 2).
• Source 2: The price data used for the HMA 2 calculation.
• Length 3: Determines the period for the fastest modified HMA (HMA 3). Lower values increase responsiveness to recent price changes.
• Source 3: The price data used for the HMA 3 calculation.

FAQ

How do I interpret the crosses on the chart?

The indicator plots visual crosses directly on the HMA lines. A green cross represents a bullish "Golden Cross" (upward momentum), while a red cross represents a bearish "Death Cross" (downward momentum).

Which timeframe is best for this indicator?

While the script can be used on any timeframe, it is optimized for higher timeframes like the Daily (1D) and Weekly (1W) to identify major market cycles and reduce false signals.

How can I access the Triple Modified Hull Moving Average Cross?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.