Date
Oct 29, 2024 9:20 PM
Tags
SignalsHowTo
The Hull Turnaround Signal is designed to catch pivotal points where a trend shows signs of reversing based on momentum changes captured by the Hull Moving Average (HMA).
This signal’s strength lies in its layered approach, combining key indicators for a robust view on potential trend shifts.
What It Detects
Bullish Turnaround
- Hull MA Crossover: The short HMA crosses above the long HMA within the last 5 candles, suggesting an upward momentum shift.
- Stochastic Oscillator Confirmation: %K crosses over the oversold threshold, signaling potential bullish momentum.
Bearish Turnaround
- Hull MA Crossover: The short HMA crosses below the long HMA within the last 5 candles, indicating a possible downward shift.
- Stochastic Oscillator Confirmation: %K crosses under the overbought threshold, marking potential bearish momentum.
Why It’s Powerful
- Momentum Clarity: By tracking the Hull MA and momentum indicators like Stochastic, the signal reveals early trend shifts, catching reversals with strong momentum.
- Selective Conditions: Using multiple filters, the Hull Turnaround Signal minimizes noise and provides high-confidence reversal alerts.
- Ideal Timing: A recent detection window (last 5 candles) means signals are timely, alerting traders just as trends begin to shift.
This signal is a strong ally for traders looking for selective, momentum-driven trend reversals within reliable setups.