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The Hull Moving Average (HMA/HullMovingAvg) is a Moving Average/Study created by Allan Hull and described in his book Active Investing.
When adding the indicator to a chart, buy and sell signals are generated (represented by line color changes and buy/sell arrows) base upon a change in line slope (Positive Slope = UP = Green).
It is used to address the problem of lagging specific to Average studies. It applies Weighted Moving Average mechanism to smooth the data. The lagging effect is significantly reduced by a combination of two Weighted Moving Averages with different lengths: first one equal to period of HMA, second equal to the half-period. Smoothing effect is attained by applying WMA to the result, with length equal to square root of the period.
Due to its more timely nature, the Hull moving average is a useful indicator for pointing out turning points for entries and exit or as a filter for lending certainty to your next move.
HullMovingAvg's tendency to overshoot current prices can also be seen as a weakness so beware.Some say the Hull moving average should not be relied upon to generate crossover signals as this technique relies upon the very element the HMA seeks to eliminate-lag.
The Hull moving average has limitations, but it accomplishes what it sets out to do-improve curve smoothness while decreasing the problem of lag that haunts most moving averages.
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.
