A trend strength indicator using Modified Hull Moving Average with a visual gauge that shows trend direction and intensity through color and transparency gradients.
Explore complementary indicator rolesHow it works
The indicator combines a Modified Hull Moving Average (HMA) with a visual trend strength gauge to analyze market momentum. It plots two HMA lines and an SMA line on the chart, filling the space between them based on their relative positions to indicate trend direction.
The accompanying trend gauge uses a 'V' symbol that changes color and transparency to represent trend strength. When the trend is strong, the 'V' appears in a solid teal or white color, with its transparency indicating the intensity of the trend's momentum.
Why it may be useful
This indicator simplifies trend analysis by providing an intuitive visual representation of market direction and strength. Traders can quickly assess the current trend's vigor without complex calculations, making it easier to make informed trading decisions.
The combination of the HMA and trend strength gauge offers multiple layers of trend information, helping traders confirm trend direction, identify potential entry and exit points, and understand the market's current momentum more effectively.
When to explore it
The trend strength indicator is most effective in markets with clear directional movements, such as during strong bullish or bearish trends. It works particularly well in trending markets where price is consistently moving in one direction, providing clear signals about trend strength and potential continuation.
Traders can utilize this indicator across various timeframes, from scalping to swing trading, making it versatile for different trading strategies. It is especially useful when combined with other technical analysis tools to confirm trend signals and improve overall trading decision-making.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
