Hull Suite added B&S signals

The Hull Suite indicator provides a comprehensive toolkit for trend identification and swing trading by offering various Hull Moving Average variations with integrated buy and sell signals.

Usage

The Hull Suite can be used to identify trend direction and potential entry points based on the color and slope of the Hull Moving Average. Users can choose between standard HMA, EHMA (Exponential), and THMA (Triple) to suit different market conditions.

• Swing Trading: Use a length of around 55 to identify mid-term trend shifts and swing entries.
• Support & Resistance: A higher length (180-200) can act as floating support or resistance levels.
• Signal Logic: Buy and sell signals are generated when the main Hull line crosses its lagged counterpart, indicating a shift in momentum.
• Visual Aids: The script can be displayed as a band, and candles can be colored based on the current trend to simplify chart analysis.

Details

The script implements three distinct variations of the Hull Moving Average:

1. HMA: The standard Hull Moving Average designed to reduce lag while maintaining smoothness.
2. EHMA: A variation using Exponential Moving Averages for the internal calculations.
3. THMA: A Triple Hull Moving Average that aims to further reduce lag for faster responses to price action.

The indicator also includes a "Higher Timeframe" feature, allowing users to project Hull values from a higher interval onto their current chart, which is particularly useful for scalpers looking to maintain alignment with the broader trend.

Settings

• Source: The price source used for calculations (default is Close).
• Hull Variation: Selection between Hma, Ehma, or Thma.
• Length: The lookback period for the calculation.
• Length multiplier: Multiplies the length to view higher timeframe smoothing without changing the interval.
• Show Hull MA from X timeframe?: Enables the multi-timeframe functionality.
• Higher timeframe: Determines the specific timeframe for the HTF calculation.
• Color Hull according to trend?: Toggles trend-based coloring (Green for bullish, Red for bearish).
• Color candles based on Hull's Trend?: Changes the chart's bar colors to match the indicator trend.
• Show as a Band?: Displays two Hull lines with a filled background for better visualization.
• Line Thickness: Adjusts the width of the indicator lines.
• Band Transparency: Adjusts the opacity of the fill between the Hull lines.

FAQ

How do I interpret the buy and sell signals? The "AL-BUY" and "SAT-SELL" labels appear when the main Hull line crosses the secondary lagged line, suggesting a change in the prevailing trend.

Can I use this for scalping? Yes, by enabling the "Show Hull MA from X timeframe" setting, you can view higher timeframe trends while trading on lower intervals to ensure you are trading in the direction of the major trend.

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