Graphics or examples of what it looks like in action - Hull
Last updated
Last updated
Let's delve into its visualization and behavior across different market scenarios.
Description: In this chart, you can observe how the Hull changes to green when the trend is bullish and red when it's bearish. During a strong uptrend, for example, the price generally remains above the Hull.
Description: Every time the price crosses the Hull upward, it could be a buying signal, and vice versa for a selling signal. These intersections, combined with the Hull's coloring, can provide optimal entry and exit points.
Chart C: By visualizing it as bands, the space between the Hull lines can act similarly to Bollinger Bands.
[Insert Chart C]
Description: Here, you can see how the price moves between the Hull bands, and at times, when it reaches the upper or lower band, there may be a reversal or retracement. This can serve as a tool to identify potential overbought or oversold zones.
Description: By observing the Hull on a daily time frame, a trader can identify a predominant trend. Then, on the 1-hour time frame, they can look for entries that align with that larger trend, using Hull crosses and coloring as a guide.