Description
Hull Moving Average is an overlay weighted moving average study. Lagging effect is minimized in HMA study by combining original period weighted moving average with half-period weighted moving average.
Formula
hmaArray[] = WMA1(WMA2(close)*2-WMA3(close)) where
WMA1 length=period/2
WMA2 length = period
WMA3 length = SQRT(period)
Interpretation
Hull Moving Average similar implementation properties as EMA with the difference of reduced lag.
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