BigBitsIO

Hull Candles [BigBitsIO]

This script is for custom candles based on an HMA calculation with a default period of 10 as well as an SMA of the close price, defaulted to 1 period to only show the current price. The purpose of the custom candles is to try and reduce noise from candles and help identify trends. These custom candles somewhat resemble Heikin-Ashi candles in their appearance.

Explained:
- Open, High, Low and Close (o, h, l, and c) are all calculated using an HMA calculation based on a user input length/period, defaulted at 10.
- Candle colors are determined by using the same HMA calculation on the ohcl4 and comparing it to the previous candle. Green candles have an ohlc4 greater than the previous candle, all other candles are red.
- The current price is plotted with the default blue line with an SMA calculation with 1 period to allow customization of smoothing if necessary to identify trends.

DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Sürüm Notları: Added a new input for the HMA length used to calculate the body color. This will allow you to adjust when candle body colors change without changing the actual candles.
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Yorumlar

Excellent - many thanks! Can I ask: Does this repaint?
+5 Cevap Gönder
BigBitsIO TheFirstHerodotus
@TheFirstHerodotus, No. The candles are based on current hma values, so once the candle is completed it will not change.
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This publication will be featured in our "Best Scripts of The Month" selection. Thank you for your valuable contribution to the TradingView community, and congrats!
+5 Cevap Gönder
A fantastic script my friend. I changed the settings and it works fantastic on the 4H Chart. Thank you. Ken (UK)
+2 Cevap Gönder
AJJAZ kennairne
@kennairne, Can you plese share me the script
+1 Cevap Gönder
@AJJAZ, Hi AJJAZ, I change the settings from 10, 10 to 18, 18, and add the Hull Moving Average with a setting of 35 and it works very well for me using the 4H chart. Remember though, that I'm trading cryptos so I don't know how it will work on any other currencies. Good luck. Ken
+1 Cevap Gönder
AJJAZ kennairne
@kennairne, Thank you so much dear
+1 Cevap Gönder
@AJJAZ, You're welcome...
+1 Cevap Gönder
@kennairne, hi bro, there are 3 numbers, what are the settings, and when you trade? thank you a lot
+1 Cevap Gönder
kennairne floriannmartinez
@floriannmartinez, I change the length and body colour to 18 I don't use the close length. At the moment I'm testing them on the 1H and 4H charts. By the way, this is not financial advice, it may work for me but not for you, so you may want to do your own testing.
+1 Cevap Gönder
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