Bollinger Bands Demand Supply Line

1. Hull Moving Average (HMA) 📊
HMA is used to help filter buy and sell signals. It:
Buy signal 🟢: When the close is above the HMA
Sell signal 🔴: When the close is below the HMA
The result is displayed as a green cloud for buy signals and red for sell signals 🌈
2. Bollinger Bands 📉
Bollinger Bands consist of:
Upper Band ⬆️: The upper outermost line (represents the supply level)
Lower Band ⬇️: The lowermost line (represents the demand level)
Middle Band ➗: The middle line is the moving average (SMA)
Signals from Bollinger Bands:
Buy signal 🟢: Occurs when the price approaches or touches the Lower Band (Demand), indicating that the price may start to reverse from the low
Sell signal 🔴: Occurs when the price approaches or touches the Upper Band (Supply) Indicates that prices may start to reverse from their highs. Checking if the price line is close to or touching the Bollinger Bands is based on the criterion that the closing price approaches this line within 10% of the distance between the middle line and the upper or lower line. 🔍
3. Visualization 🎨
Green cloud 🟢 (Buy Signal): When the price has a buy signal from HMA or Bollinger Bands.
Red cloud 🔴 (Sell Signal): When the price has a sell signal from HMA or Bollinger Bands.
HMA is displayed as an orange line 🟧 on the chart.
SMA (Simple Moving Average) is displayed as a blue line 🔵.
Bollinger Bands are displayed as:
Upper Band ⬆️: Red line 🔴
Middle Band ➗: Blue line 🔵
Lower Band ⬇️: Green line 🟢
The chart background will be filled with color (showing the cloud) to make it easy to see the buy and sell signals. 🖼️
How to use:
Use this code in TradingView or a platform that supports Pine Script. To view signals from HMA and Bollinger Bands 📈.
When the price comes near the Lower Band ⬇️ or Upper Band ⬆️, you will get a buy or sell signal respectively.
HMA helps to filter signals that are the main trend of the market (up or down) 📊.
You can use the colored clouds on the chart to observe the market status quickly and easily ⚡.
Summary:
Buy Signal 🟢: Occurs when the price closes above the HMA or near/touches the Lower Bollinger Band ⬇️ (Demand).
Sell Signal 🔴: Occurs when the price closes below the HMA or near/touches the Upper Bollinger Band ⬆️ (Supply).
The display in the form of a colored cloud 🟩🟥 makes trading decisions easier and clearer on the chart 🖥️.

This indicator works on
#crypto #forex #gold and all assets.