Frequently asked questions about Hull
Last updated
Last updated
What sets the Hull indicator apart from other moving averages?
The Hull was designed to reduce lag and increase accuracy in trend detection. Its calculation is based on weightings that allow it to react more quickly to price changes.
Which variation of the Hull is best for me: Hma, Thma, or Ehma?
It depends on your trading style and personal preferences. We recommend trying each variation on a demo account and choosing the one that best suits your needs.
Can I use the Hull indicator to trade on any time frame?
Yes, the Hull is versatile and can be applied to any time frame, from one-minute charts to monthly charts. The option to visualize the HMA on higher time frames is especially useful for intraday and scalping traders.
Is a color change in the indicator always a buy or sell signal?
Not necessarily. While a color change indicates a shift in the direction of the trend, it's always essential to confirm with other indicators or price patterns before making a trading decision.
How does the "Multiplier" affect the indicator?
The multiplier adjusts the length of the Hull, allowing traders to see how the indicator would behave at different lengths without manually changing the main length value.
How is the Hull indicator exactly calculated?
The Hull uses a combination of weighted moving averages and square roots to reduce lag and improve smoothness. In the HMA variation, for example, a WMA of the price is taken, another WMA of a shorter period is subtracted from it, and then a final WMA based on the square root of the selected period is applied.
Is the Hull indicator suitable for all types of markets?
Although the Hull is versatile, it may work better in markets with more defined trends due to its sensitivity to price changes. In sideways or noisy markets, the Hull could provide premature signals.
Does the Hull indicator repaint?
No, once the Hull indicator is plotted on the chart, it does not change its past values. However, like all moving averages, recent values may adjust slightly as new data is incorporated.
Can I combine the Hull indicator with other technical indicators?
Absolutely. In fact, it is recommended to use the Hull with other indicators such as RSI, MACD, or Bollinger Bands to confirm signals and improve the accuracy of entries and exits.
What is the best length setting for the Hull indicator?
There is no universal "best" setting as it depends on the market, time frame, and trading style. However, in the provided code, values of 180-200 are suggested for floating supports and resistances, and 55 for swing entries.
Why are there options like Thma and Ehma in addition to the traditional Hma?
These variations offer different ways to calculate the Hull, giving traders options to customize the indicator according to their preferences. For example, Ehma uses an exponential moving average instead of the weighted one.
