GlobalMarketSignals

GMS: HAMA JAMMA

This is my version of HAMA candles, I just wanted more out of the original indicator. So now with this one you'll be able to pick which MA you want as well as it's length.

MA's included are: SMA, EMA, WMA, HMA, VWMA, & Linear Regression.

The line at the bottom represents a slightly firmer grasp of the trend relative to the HAMA candle colors. Basically it will help to filter out potentially weak signals. *It is not price support*

Tip: Be sure to turn off the border color in the settings, it will help the colors to pop.

Hope this helps,

Andre
Release Notes:
Okay this is the proper HAMA now, I added in the smoothing step right at the beginning before the price data goes into the HA formula. In the next update, I will be adding in a selection list for picking your smoothing moving average of choice, plus one more fun thing to be revealed when the next update arrives! Oh the suspense!!
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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.

Want to use this script on a chart?