HULL MA + SIGNALS

1. Introduction

The Hull MA + Stochastic Signals indicator is a hybrid tool that merges trend-following and momentum analysis into a single, streamlined indicator. By combining a configurable Hull Moving Average (HMA) with a Stochastic Oscillator, this indicator provides timely buy and sell signals that are both responsive and reliable. It is ideal for traders who want to identify trade opportunities in the direction of the prevailing trend while avoiding premature entries.

2. Concept Behind the Indicator

At the core of this indicator lies a smoothed price trend line based on one of three variations of the Hull Moving Average:

HMA (Hull Moving Average): Uses weighted moving averages to reduce lag and improve trend clarity.
THMA (Triple Hull Moving Average): Combines three weighted moving averages for more aggressive smoothing and responsiveness.
EHMA (Exponential Hull Moving Average): Integrates exponential moving averages, offering a slightly different sensitivity to price changes.

The user can switch between these modes via the modeSwitch parameter.

Complementing the trend logic is the Stochastic Oscillator, which identifies momentum shifts and potential reversals. When these two components align — a strong trend confirmed by the Hull average and a bullish or bearish crossover in the stochastic oscillator — the indicator issues a trading signal.

3. Signal Logic

The indicator identifies buy and sell signals based on multiple confirmations:

Buy Signal Conditions:

A bullish crossover of the stochastic (%K crosses above %D)
The crossover occurs below the oversold level (default: 30)
The Hull MA is trending upward
Price is above both recent Hull values
The current closing price is higher than the previous one

Sell Signal Conditions:

A bearish crossover of the stochastic (%K crosses below %D)
The crossover occurs above the overbought level (default: 70)
The Hull MA is trending downward
Price is below both recent Hull values
The current closing price is lower than the previous one

Signals are shown directly on the chart with arrows and labeled text (“BUY” or “SELL”).

4. Customizable Parameters

The indicator provides several parameters for user customization:

modeSwitch: Selects the Hull variation (1 = HMA, 2 = THMA, 3 = EHMA)
length: Main length for the Hull MA calculation (default: 200)
lengthMult: Multiplier applied to the base length (default: 1.5)
stochLength: Lookback period for stochastic calculation (default: 14)
smoothK: Smoothing of %K line (default: 3)
smoothD: Smoothing of %D line (default: 3)
oversoldLevel: Threshold for oversold conditions (default: 30)
overboughtLevel: Threshold for overbought conditions (default: 70)

Adjusting these values allows the trader to fine-tune the indicator to match different asset classes or market conditions.

5. Visual Aids and Plotting

Two Hull MA lines are plotted on the chart:

MHULL (Main Hull): Current value of the selected Hull average
SHULL (Secondary Hull): Two bars ago Hull value for trend comparison

Their color dynamically changes:

Green: Indicates upward trend (MHULL > SHULL)
Red: Indicates downward trend (MHULL < SHULL)

Additional visual elements:

Green or red arrows and labels mark buy/sell signals
Colored points appear when the Hull trend shifts up or down

This combination allows for intuitive and immediate signal interpretation directly on the price chart.

6. Best Use Case Scenarios

This indicator is suitable for:

Trend-following strategies: Especially effective when the market is trending
Momentum confirmation: Avoids counter-trend signals by requiring alignment with stochastic crossovers
Multi-timeframe analysis: Can be adjusted to function on any timeframe from intraday to weekly charts

To minimize false signals, it is recommended to use this indicator in markets or instruments known for clean, directional movement and to combine it with higher timeframe confirmation.

7. Conclusion

The Hull MA + Stochastic Signals indicator delivers a practical and powerful trading solution by uniting trend analysis and momentum confirmation. With its flexible configuration and clear visual output, it offers a robust tool for traders seeking precision entries in trending environments. Whether you prefer smoother exponential readings or sharper trend shifts, the selectable Hull MA variants adapt to your trading style and asset class.

//---------------------------------------------------------------//
//Hull MA + Stochastic Signals
//---------------------------------------------------------------//

src = close
modeSwitch = 2 // 1=HMA, 2=THMA, 3=EHMA
length = 200 // Length Hull
lengthMult = 1.5 // x Length

// Stochastiques
stochLength = 14 // Period
smoothK = 3 // %K
smoothD = 3 // %D
oversoldLevel = 30
overboughtLevel = 70

//-----HULL MA--------------------------------//
if modeSwitch = 1 then
// HM
halfLength = round(length * lengthMult / 2)
fullLength = round(length * lengthMult)
sqrtLength = round(sqrt(length * lengthMult))
    
wma1 = WeightedAverage[halfLength](src)
wma2 = WeightedAverage[fullLength](src)
rawHMA = 2 * wma1 - wma2
HULL = WeightedAverage[sqrtLength](rawHMA)
elsif modeSwitch = 2 then

thirdLength = round(length * lengthMult / 3)
halfLength = round(length * lengthMult / 2)
fullLength = round(length * lengthMult)
    
wma1 = WeightedAverage[thirdLength](src)
wma2 = WeightedAverage[halfLength](src)
wma3 = WeightedAverage[fullLength](src)
rawTHMA = wma1 * 3 - wma2 - wma3
HULL = WeightedAverage[fullLength](rawTHMA)
elsif modeSwitch = 3 then

halfLength = round(length * lengthMult / 2)
fullLength = round(length * lengthMult)
sqrtLength = round(sqrt(length * lengthMult))
    
ema1 = ExponentialAverage[halfLength](src)
ema2 = ExponentialAverage[fullLength](src)
rawEHMA = 2 * ema1 - ema2
HULL = ExponentialAverage[sqrtLength](rawEHMA)
endif

//-----STOCHASTIC----------------------//
stochK = Stochastic[stochLength, smoothK](close)
stochD = Average[smoothD](stochK)

//----- HULL-----------------------------------------------//
MHULL = HULL
SHULL = HULL[2]


// BANDS COLOR
greenBands = HULL > HULL[2]  // GREEN
redBands = HULL < HULL[2]    // BRED

// PRICE POS
priceAboveBands = close > MHULL and close > SHULL
priceBelowBands = close < MHULL and close < SHULL

//SIGNAL
stochBullishCross = stochK crosses over stochD and stochK < oversoldLevel
buySignal = stochBullishCross and greenBands and priceAboveBands and close > close[1]

stochBearishCross = stochK crosses under stochD and stochK > overboughtLevel
sellSignal = stochBearishCross and redBands and priceBelowBands and close < close[1]



if HULL > HULL[2] then

r = 0
g = 255
b = 0
else

r = 255
g = 0
b = 0
endif

if buySignal then
drawarrowup(barindex, low - (high-low)*0.2) coloured("lime")
drawtext("BUY", barindex, low - (high-low)*0.4) coloured("lime", 200)
endif

if sellSignal then
drawarrowdown(barindex, high + (high-low)*0.2) coloured("red")
drawtext("SELL", barindex, high + (high-low)*0.4) coloured("red", 200)
endif

hullTrendUp = MHULL > SHULL and MHULL[1] <= SHULL[1]
hullTrendDown = SHULL > MHULL and SHULL[1] <= MHULL[1]

if hullTrendUp then
drawpoint(barindex, MHULL, 3) coloured("lime", 100)
endif
if hullTrendDown then
drawpoint(barindex, MHULL, 3) coloured("red", 100)
endif

return MHULL coloured(r,g,b) style(line,3) as "Hull Main", SHULL coloured(r,g,b) style(line,1) as "Hull Band"

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//---------------------------------------------------------------//

//Hull MA + Stochastic Signals

//---------------------------------------------------------------//

src = close

modeSwitch = 2 // 1=HMA, 2=THMA, 3=EHMA

length = 200 // Length Hull

lengthMult = 1.5 // x Length

// Stochastiques

stochLength = 14 // Period

smoothK = 3 // %K

smoothD = 3 // %D

oversoldLevel = 30

overboughtLevel = 70

//-----HULL MA--------------------------------//

if modeSwitch = 1 then

// HM

halfLength = round(length * lengthMult / 2)

fullLength = round(length * lengthMult)

sqrtLength = round(sqrt(length * lengthMult))

wma1 = WeightedAverage[halfLength](src)

wma2 = WeightedAverage[fullLength](src)

rawHMA = 2 * wma1 - wma2

HULL = WeightedAverage[sqrtLength](rawHMA)

elsif modeSwitch = 2 then

thirdLength = round(length * lengthMult / 3)

halfLength = round(length * lengthMult / 2)

fullLength = round(length * lengthMult)

wma1 = WeightedAverage[thirdLength](src)

wma2 = WeightedAverage[halfLength](src)

wma3 = WeightedAverage[fullLength](src)

rawTHMA = wma1 * 3 - wma2 - wma3

HULL = WeightedAverage[fullLength](rawTHMA)

elsif modeSwitch = 3 then

halfLength = round(length * lengthMult / 2)

fullLength = round(length * lengthMult)

sqrtLength = round(sqrt(length * lengthMult))

ema1 = ExponentialAverage[halfLength](src)

ema2 = ExponentialAverage[fullLength](src)

rawEHMA = 2 * ema1 - ema2

HULL = ExponentialAverage[sqrtLength](rawEHMA)

endif

//-----STOCHASTIC----------------------//

stochK = Stochastic[stochLength, smoothK](close)

stochD = Average[smoothD](stochK)

//----- HULL-----------------------------------------------//

MHULL = HULL

SHULL = HULL[2]

// BANDS COLOR

greenBands = HULL > HULL[2] // GREEN

redBands = HULL < HULL[2] // BRED

// PRICE POS

priceAboveBands = close > MHULL and close > SHULL

priceBelowBands = close < MHULL and close < SHULL

//SIGNAL

stochBullishCross = stochK crosses over stochD and stochK < oversoldLevel

buySignal = stochBullishCross and greenBands and priceAboveBands and close > close[1]

stochBearishCross = stochK crosses under stochD and stochK > overboughtLevel

sellSignal = stochBearishCross and redBands and priceBelowBands and close < close[1]

if HULL > HULL[2] then

r = 0

g = 255

b = 0

else

r = 255

g = 0

b = 0

endif

if buySignal then

drawarrowup(barindex, low - (high-low)*0.2) coloured("lime")

drawtext("BUY", barindex, low - (high-low)*0.4) coloured("lime", 200)

endif

if sellSignal then

drawarrowdown(barindex, high + (high-low)*0.2) coloured("red")

drawtext("SELL", barindex, high + (high-low)*0.4) coloured("red", 200)

endif

hullTrendUp = MHULL > SHULL and MHULL[1] <= SHULL[1]

hullTrendDown = SHULL > MHULL and SHULL[1] <= MHULL[1]

if hullTrendUp then

drawpoint(barindex, MHULL, 3) coloured("lime", 100)

endif

if hullTrendDown then

drawpoint(barindex, MHULL, 3) coloured("red", 100)

endif

return MHULL coloured(r,g,b) style(line,3) as "Hull Main", SHULL coloured(r,g,b) style(line,1) as "Hull Band"

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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1. Introduction

2. Concept Behind the Indicator

3. Signal Logic

Buy Signal Conditions:

Sell Signal Conditions:

4. Customizable Parameters

5. Visual Aids and Plotting

6. Best Use Case Scenarios

7. Conclusion

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