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HMAwaveSmooth 5 *
Hello Traders...
This is another adaptation of the HMA. Big Mike built a similar indie years ago for NT7 and it was based on the EMA. I like the HMA because it hugs price better and changes direction sooner. This indie paints 2 HMAs that trail the primary HMA by x candles. This HMA can be smoothed by an EMA of 1 or greater periods. In addition you can color the background based on the slope of the HMA. As with many of my recent indicators, they only calculate what is on the screen. The indie will not show if you scroll back until you hit F5 to recalculate. There is a button on the axis to hide the indicator, so you can bring it into view, evaluate and hide it to declutter your chart. You can add a few characters to the button to differentiate from other indicator buttons.

In the pic is an HMA34, Smoothed by 2 and with the wave 3 bars back.

Trade Well
Bob

r1 (1/23/2021) Max Value for Smooth and HMAback were limited to 100, now open.

r2 (2/11/2021): I don't use Bloodhound or other automated tools, but one user found that this indie does not work with Bloodhound. I found that the problem is with the calculations limited to what is on screen... I found the issue and it is an easy fix. In the zip are two indicators. HMAwaveSmooth is the original that only calculates what is on the screen and HMAwaveSmoothFull calculates the entire history and works with Bloodhound. I will add a new version of all of the indicators that I have posted that have the calculation limiter in a similar manner.


Category NinjaTrader 8 Indicators and More 
 
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Details: HMAwaveSmooth
Category: NinjaTrader 8 Indicators and More 


January 21st, 2021
Size: 13.66 KB
Downloaded: 297 times
Comments/ratings
5 * lavender February 15th, 2021 03:02 PM
I too Love the HMA - Thank you for the re-work!
5 * FELIX February 19th, 2021 06:48 AM
THANKS.....RULES!!!!!!
5 * bcomas February 19th, 2021 07:12 AM
Thanks! Trend our friend
5 * topdogtony February 19th, 2021 09:06 AM
I will put it to the test thank you for providing this indicator.
5 * Buscador February 19th, 2021 09:07 AM
A nice angle on the HMA
5 * Ganymed February 19th, 2021 09:11 AM
No Comment
5 * fivewhy February 19th, 2021 09:50 AM
No Comment
5 * fivewhy February 19th, 2021 09:50 AM
No Comment
5 * JJ11 February 19th, 2021 10:14 AM
5 * Joshua 1 vs 8 February 19th, 2021 01:08 PM
No Comment

 
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