disclaimer : this is purely for learning purpose on trend analysis using published indicators, namely, Chips Master, Trend Master, MCDX Plus. No recommendation of buy/sell
Lbalum completed chips accumulation, first up and second up. Currently, retrace sideways. Chips Master is used mainly for chips accumulation stage. Trend Master and MCDX are used for first up and second up, and potentially third up, if any.
Hi, Why the trend master you choose HMA and HMA stand for ? Please advice
JK633
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@PatrickTeoh, HMA = Hull Moving Average HMA follows the price more closely. During uptrend or downtrend, HMA stays more closely to the candle when compared to Simple Moving Average (SMA) or Exponential Moving Average (EMA).
HMA has much reduced lag (compared to SMA and EMA) while maintaining the smoothness. It reacts faster with change of trend. Consequently, it is more preferable for trend analysis.
Users may prefer to use other type of moving average, in view of this, SMA, EMA etc were included as options.