"FIMS Multi HMA, SMA, EMA with Alerts" indicator combines multiple moving average types (HMA, SMA, and EMA) and integrates visual cues and alerts for trend identification. Here's a detailed breakdown:
Key Features Multi-Length HMA (Hull Moving Average):
Three Hull Moving Averages (HMA1, HMA2, HMA3) are calculated using different lengths for flexibility in capturing trends across varying timeframes. Dynamic Coloring: HMA1 changes color dynamically based on its directional movement: Blue for an upward trend. Light blue (darker shade) for a downward trend. HMA2 and HMA3 are plotted with fixed colors (Red and Green, respectively). Standard Moving Averages:
A Simple Moving Average (SMA) and an Exponential Moving Average (EMA) are calculated with customizable lengths. SMA is displayed in Purple, and EMA is displayed in Orange for easy differentiation. Customizable Inputs:
Lengths for HMA (three levels), SMA, and EMA are fully adjustable. Users can select the source (e.g., close price) for calculations. Colors for HMA1 can be customized for upward and downward movements. Alerts:
Alerts are integrated for HMA1 to notify users when: It begins trending upwards. It starts trending downwards. Alerts include descriptive titles and messages to guide decision-making. Inputs and Customizations Moving Average Lengths:
Upward trend color for HMA1: Blue (customizable). Downward trend color for HMA1: Light blue (customizable). Fixed colors for HMA2, HMA3, SMA, and EMA: Red, Green, Purple, Orange, respectively. Source Input:
The default source is the close price, but this can be changed based on user preference. Visualization The indicator overlays the price chart, plotting: Three HMAs with distinct styles and color schemes. One SMA and one EMA for additional trend and momentum insights. Usage Trend Identification:
Use HMA1 with dynamic coloring to assess short-term trends. HMA2 and HMA3 provide medium- and long-term trend perspectives. SMA and EMA offer traditional trend and momentum signals. Alert-Driven Decisions:
Receive alerts for real-time trend changes in HMA1, enabling timely market decisions. Customization:
Tailor lengths, colors, and sources to align with specific trading strategies.
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