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The Hull Moving Average is based on several weighted moving averages. In an attempt to create a more responsive MA and reduce the lag problem that is inherent to most moving averages, the HULL indicator returns a much faster and smoother moving average.
The Hull Moving Average was first introduced by Alan Hull, a second-generation share trader.
The trading indicator can be used like any other moving average and it is well suited for trend following systems.
The following is an example of a strategy (trading system) that uses the Hull MA formula with two different time frames:
crossDaily = cross(low, hullMA(60));
crossWeekly = Timeframedecompress(TimeframeApply(7, cross(close, hullMA(60))));
buy = crossDaily && crossWeekly;
The "crossDaily" variable signals crossovers between a security low and the 60-Period Hull MA, while the "crossWeekly" detects crossovers between a security close and the 60-Week Hull MA. As you can see in the formula, we have applied the latter crossover to weekly data by using the "TimeframeApply" function then by decompressing the result using "Timeframedecompress". The strategy generates a buy signal when both the daily and weekly crossovers occur at the same time.
The Hull MA function/formula has only one argument, which is a lookback period. This period is passed internally to the different weighted moving averages that are part of the Hull formula.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
