This code snippet demonstrates how to replace a standard moving average with a Hull Moving Average (HMA) in a multi-time frame (MTF) indicator setup using the GRAPHONPRICE feature in ProBuilder. The Hull Moving Average provides a faster and smoother average, which is often preferred for its reduced lag compared to traditional moving averages.

// Define the time frame and period for the Hull Moving Average
TimeFrame1 = 15
Period = 9

// Calculate the Hull Moving Average for the specified time frame
HMA = HullAverage[Period](close) as TimeFrame1

// Plot the Hull Moving Average on the price chart
return HMA as "HMA on Price"

Explanation of the code:

• TimeFrame1 and Period: The variables TimeFrame1 and Period are set to define the time frame (15 minutes) and the period (9 periods) for the Hull Moving Average calculation.
• Hull Moving Average Calculation: The HullAverage[Period](close) function calculates the Hull Moving Average of the closing prices over the specified period. The as TimeFrame1 part ensures that the calculation is applied to the 15-minute time frame.
• Plotting the HMA: The calculated Hull Moving Average is returned and labeled as “HMA on Price” to be plotted directly on the price chart. This allows for visual comparison of the HMA against the price movements within the same chart.

This example is useful for traders or analysts who want to utilize a more responsive moving average in their technical analysis, particularly in a multi-time frame context.