Using a Higher-Timeframe Hull Trend Signal for Continuation and Reversals
Summary
This document describes a chart indicator that displays the trend direction or trade signal produced by the HullTrendSign indicator on a chosen timeframe. It distinguishes ongoing trends, marked with a right-pointing arrow, from trend changes, shown with a diagonal arrow whose direction and color indicate the trade direction. Users can configure the symbol, timeframe, price input, averaging and smoothing methods, and their parameters.
The remaining settings control the signal bar, chart placement, labels, colors, and audio or alert behavior. The document explains how to distinguish the two visual signal types and notes that using multiple instances on one chart requires unique label names. It also requires the separate HullTrendSign indicator file. No backtest, market examples, signal accuracy, or trading results are provided, so the description explains indicator operation rather than establishing that its signals are profitable or reliable. The signal’s performance may depend on the selected inputs and timeframe.
Key ideas
- The indicator displays trend direction or a signal from HullTrendSign for a selected bar and timeframe.
- A right arrow marks trend continuation, while a diagonal arrow marks a change in trend.
- Users can configure the symbol, timeframe, price input, averaging method, and smoothing parameters.
- Chart appearance and alert behavior are controlled through separate display and alert settings.
- The document provides no evidence about profitability or signal reliability.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.