NQ Midday Strategy Using HMA Breakouts and Momentum Filters

Summary

This partial Pine Script describes an intraday Nasdaq futures strategy that uses Hull moving averages calculated from highs and lows to define a channel. A persistent direction state selects one channel edge as the exit reference, and crossovers of price and that edge provide long or short signals. The visible settings include a trading-session window, RSI smoothing, ADX calculations, ATR-related inputs, and adjustable trend and risk parameters.

The document does not include the full strategy logic: it ends partway through the short-side ADX function. Entry filters, order handling, stop placement, performance results, and testing details therefore cannot be confirmed from the supplied text. Its comments mention a separate Python version with walk-forward optimization and advise retuning when market regimes change, but provide no evidence that the method is profitable or robust. The script itself emphasizes educational use and notes the substantial risks of futures trading.

Key ideas

• Price crossing the active edge of a high-low Hull moving-average channel generates directional signals.
• The channel direction persists until price moves beyond the opposite boundary.
• The visible parameters include RSI smoothing, ADX settings, ATR inputs, and a session window.
• The supplied script is incomplete, so its full filters, exits, and performance cannot be assessed.
• The author recommends retuning parameters as market conditions change.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.