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Hull Moving Average (HMA)

Also called Hull Average. This indicator was created by Alan Hull and addresses the problem of lag that other Moving Averages have.

Example

Interpretation

Use the Hull Moving Average as a filter to confirm price direction.

When the price moves up and the HMA follows up, this signals a bullish market
When price moves down and the HMA follows this move, this signals a bearish market.

Calculation

The lag is solved by combining two WMAs, with different periods; One with a period equal to the HMA itself. And the second equal to half that period.

The smoothing is done by adding applying a WMA to the result, with the length equal to square root of the period.

HMA(periods) = WMA(2*WMA(periods/2) – WMA(periods)),sqrt(periods))

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