Hull moving average MACD
October 11, 2015, 4:35 PM
Indicators
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This is the typical MACD (Moving Average Convergence Divergence) indicator made of Hull moving average.
The MACD is made of difference of 2 moving average, a fast one and a slower one (12 and 26 periods). Then the signal line is made of a Simple Moving Average of 9 periods of the this difference value.
// Parameters :
// p = 26 (slow period)
// q = 12 (fast period)
// r = 9 (signal line)
MMhullfast = Weightedaverage[round(SQRT(p))]( 2*Weightedaverage[round(p/2)](close)-Weightedaverage[p](close))
MMhullslow = Weightedaverage[round(SQRT(q))]( 2*Weightedaverage[round(q/2)](close)-Weightedaverage[q](close))
myMACD = MMhullslow - MMhullfast
Signal = AVERAGE[r](myMACD)
RETURN myMACD AS "MACD hull histogram",Signal AS "Signal MACD"
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Filename:
Hull-MACD.itf
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