Quote from sandygray66:
Nice work GiantDog and MDT. I compared this chart to Nadeem's chart for the same day and I noticed some subtle differences. First, there seems to be some difference in the price data since the candles are slightly different.
However, more importantly, the dashes (HullMA) seem to operate slightly differently as far as color changes. For example, MDT, on your chart at the bottom of the V (12:50), the dash makes a lower low, but changes to blue. Whereas, the dash on Nadeem's chart makes a lower low and stays red (so entry doesn't occur until next candle). So your chart gives an earlier entry (which in this case was good), but in other cases is bad.
If the indicator is supposed to change color with a change in direction, shouldn't it stay red when it makes a lower low (like at 12:50)? I haven't looked at the mathematics behind a Hull in quite a while. Perhaps the HullMA actually changes direction between the bars (because of smoothing and curvature). In which case, there's something slightly different from your HMA and Nadeem's indicator.
P.S. I found the double smoothed MA indicator in the NT forum, but not the HMA_Color. If one of you could post it here, I'd appreciate it. The standard HMA on TS has the color change built-in, but not on NT for some reason.