Free TradingView Indicator by AlgoAlpha — Momentum & Oscillators
Introducing the Hullinger Percentile Oscillator by AlgoAlpha!
Introducing the Hullinger Percentile Oscillator by AlgoAlpha!
This versatile Pine Script™ indicator is designed to help you identify swing trends and potential reversals with precision. Whether you're looking to catch market swings or spot divergences, the Hullinger Percentile Oscillator offers a comprehensive suite of features to enhance your trading strategy.
Adjust the main length, source, and standard deviation multipliers to fine-tune the indicator to your preferred trading style.
Switch between "Swing" mode for trend identification and "Contrarian" mode for reversal spotting, adapting the indicator to your market view.
The indicator includes parameters to control the sensitivity and confirmation of divergence signals, helping to filter out noise and highlight significant market moves.
Easily distinguish between bullish and bearish signals with customizable color settings for a clear visual representation on your chart.
Stay ahead of the market with built-in alerts for key conditions, including strong and weak reversals, as well as bullish and bearish swings.
Quick Guide to Using the Hullinger Percentile Oscillator
Maximize your trading edge with the Hullinger Percentile Oscillator by following these steps! 📈✨
Add the indicator to favorites by pressing the star icon ⭐. Customize settings like Main Length, Oscillator Mode, and Appearance to fit your trading needs.
Use "Swing" mode to track trends and "Contrarian" mode to spot reversals. Watch for divergence signals to catch potential trend changes.
Set up alerts to be notified of significant market movements without constantly monitoring your chart.
The Hullinger Percentile Oscillator calculates its signals by applying a modified standard deviation approach to the Hull Moving Average (HMA) of a selected price source. It creates both inner and outer bands based on different multipliers. The oscillator then measures the position of the price relative to these bands, smoothing the result for swing trend detection. Depending on the chosen mode, the oscillator either highlights swing trends or potential reversals. Divergences are detected by comparing recent pivot highs and lows in both price and the oscillator, allowing you to spot bullish or bearish divergence setups. Alerts are triggered based on key crossovers or when specific conditions are met, ensuring that you are always informed of crucial market developments.
Explore other momentum & oscillators TradingView indicators by AlgoAlpha.
Free on TradingView
Hullinger Percentile Oscillator is free to use on TradingView. Add it to any chart in seconds.