OPEN-SOURCE SCRIPT
Fortuno Alert Ribbon
About[
Fortuno Alert Ribbon
This script combines multiple Hull Moving Average variations into one indicator, with customizable options for visualization.
Input
Source - This options allows the user to change which data source to choose from, for the script
Hull Variation - Option to choose between 3 Hull Moving Average variations
Length - This allows the user to change the period used for the indicator
Length multiplier - This allows the user to quickly change the period for higher timeframes by multiplying the period used in the "length" input above it.
Show Hull MA from X Timeframe Checkbox - Allow the user to show the indicator from different timeframes according to the timeframe selected below it.
Higher Timeframe Dropdown - Option to choose which timeframe is used for the checkbox input above it
Color Hull According to trend Checkbox
Color candles based on Hull's trend checkbox - Allows the user to color all the
Show as a band checkbox - Allows the user to choose between 2 visualization (bands or single line)
Line Thickness - Allows the user to adjust the HMA line thickness
Band - Transparency - Allows the user to adjust the transparency of the color filled in between the 2 HMA indicators
How to use
Attach the indicator to a chart and you can see the trends clearly with great visuals and colors based on HMA indicators, an indicator made by Alan Hull based on Moving Average with greatly reduced lag. Green color means uptrend and red color means downtrend. Do not blindly follow all the signals from this indicator, confirm it with your your own analysis and other indicator instead.
Fortuno Alert Ribbon
This script combines multiple Hull Moving Average variations into one indicator, with customizable options for visualization.
Input
Source - This options allows the user to change which data source to choose from, for the script
Hull Variation - Option to choose between 3 Hull Moving Average variations
Length - This allows the user to change the period used for the indicator
Length multiplier - This allows the user to quickly change the period for higher timeframes by multiplying the period used in the "length" input above it.
Show Hull MA from X Timeframe Checkbox - Allow the user to show the indicator from different timeframes according to the timeframe selected below it.
Higher Timeframe Dropdown - Option to choose which timeframe is used for the checkbox input above it
Color Hull According to trend Checkbox
Color candles based on Hull's trend checkbox - Allows the user to color all the
Show as a band checkbox - Allows the user to choose between 2 visualization (bands or single line)
Line Thickness - Allows the user to adjust the HMA line thickness
Band - Transparency - Allows the user to adjust the transparency of the color filled in between the 2 HMA indicators
How to use
Attach the indicator to a chart and you can see the trends clearly with great visuals and colors based on HMA indicators, an indicator made by Alan Hull based on Moving Average with greatly reduced lag. Green color means uptrend and red color means downtrend. Do not blindly follow all the signals from this indicator, confirm it with your your own analysis and other indicator instead.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.