Hull Suite by MRS

6 gen

**Hull Suite by MRS Strategy Indicator**

The Hull Suite by MRS Strategy is a technical analysis tool designed to provide insights into market trends using variations of the Hull Moving Average (HMA). This strategy aims to help traders identify optimal entry points for both long and short positions by utilizing multiple types of Hull-based indicators.

### Key Features:
1. **Hull Moving Average Variations**: The indicator offers three different Hull Moving Average variants:
- **HMA (Hull Moving Average)**: A fast-moving average that minimizes lag and reacts quickly to price changes.
- **EHMA (Enhanced Hull Moving Average)**: A smoother version of HMA with reduced noise, offering a clearer view of market trends.
- **THMA (Triple Hull Moving Average)**: A more complex Hull average that aims to provide a stronger confirmation of trend direction.

2. **Customizable Parameters**:
- **Source Selection**: Allows traders to choose the source for calculation (e.g., closing prices).
- **Length**: A configurable parameter to adjust the period over which the moving average is calculated (e.g., 55-period for swing entries).
- **Trend Coloring**: Users can enable automatic color-coding of the Hull moving average to reflect whether the market is in an uptrend (green) or downtrend (red).
- **Candle Color**: Option to color candles based on Hull's trend, further improving the visual clarity of trend direction.

3. **Entry and Exit Signals**:
- **Buy Signal**: Generated when the Hull moving average crosses above its historical value, indicating a potential upward price movement.
- **Sell Signal**: Triggered when the Hull moving average crosses below its historical value, signaling a potential downward price movement.
- The strategy can be customized to work with long, short, or both directions, making it adaptable for various market conditions.

4. **Visual Representation**:
- **Hull Bands**: The indicator can plot the Hull moving average as bands, with customizable transparency to suit individual preferences.
- **Band Filler**: The area between the two Hull moving averages is filled, making it easier to identify trends at a glance.

5. **Backtesting and Strategy Execution**: This strategy can be tested on historical data with adjustable backtest start and stop dates, providing traders with a better understanding of its performance before live trading.

### Purpose:
The Hull Suite by MRS Strategy is designed to assist traders in determining the optimal time to enter and exit the market based on robust Hull moving averages. With its flexibility, it can be used for trend-following, swing trading, or other strategic applications.

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Script Title:
**Hull Suite by MRS**

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Description:

The "Hull Suite by MRS" is a versatile trading strategy and indicator based on the Hull Moving Average (HMA) and its variations. This script provides traders with a customizable framework to analyze trends, identify potential entry and exit points, and visualize market dynamics using advanced moving average calculations.

Key Features:

1. **Hull Variations**:
- Choose between three Hull-based moving averages: **HMA (Hull Moving Average)**, **EHMA (Exponential Hull Moving Average)**, and **THMA (Triangular Hull Moving Average)**.
- Each variation offers unique smoothing and responsiveness, allowing traders to adapt to different market conditions.

2. **Trend Detection**:
- Automatically detects bullish and bearish trends based on the relationship between the current Hull value (`MHULL`) and its previous value (`SHULL`).
- The color of the Hull line dynamically changes to green (`#00ff00`) for uptrends and red (`#ff0000`) for downtrends.

3. **Customizable Visualization**:
- Display the Hull as a single line or as a band (fill area between `MHULL` and `SHULL`) for better trend visualization.
- Adjust line thickness, transparency, and other visual parameters to suit your charting preferences.

4. **Backtesting Flexibility**:
- Define custom backtest date ranges to evaluate strategy performance over specific time periods.
- Control trade direction (`long`, `short`, or `all`) to align with your trading style.

5. **Strategy Logic**:
- Enters a **long** position when the Hull trend turns bullish (`MHULL > SHULL`).
- Enters a **short** position when the Hull trend turns bearish (`MHULL < SHULL`).
- Ensures precise execution within the defined backtest period.

6. **Candle Coloring**:
- Optionally color candles based on the Hull's trend direction for quick visual identification of market sentiment.

7. **User-Friendly Inputs**:
- Customize the source (`close`, `open`, etc.), Hull length, transparency, line thickness, and other parameters via intuitive input controls.

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**How to Use**:

1. **Add to Chart**:
- Apply the script to your chart and select the desired Hull variation (`HMA`, `EHMA`, or `THMA`).

2. **Adjust Settings**:
- Modify the `Length` parameter to fine-tune sensitivity:
- Use shorter lengths (e.g., 55) for swing trading.
- Use longer lengths (e.g., 180-200) for floating support/resistance levels.
- Enable/disable features like candle coloring, band visualization, and transparency to match your preferences.

3. **Backtest**:
- Set the backtest start and stop dates to evaluate the strategy's performance over historical data.
- Select the desired trade direction (`long`, `short`, or `all`) to test specific scenarios.

4. **Interpret Signals**:
- Green Hull line: Bullish trend → Potential long opportunities.
- Red Hull line: Bearish trend → Potential short opportunities.

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### **Why Use the Hull Suite?**

The Hull Suite combines the responsiveness of moving averages with advanced smoothing techniques to reduce lag and noise. It is particularly useful for:
- **Trend Following**: Identifying and riding strong trends in trending markets.
- **Swing Trading**: Capturing short- to medium-term price swings.
- **Support/Resistance Levels**: Visualizing dynamic support and resistance zones with longer Hull lengths.

Whether you're a beginner or an experienced trader, this script provides a powerful toolset to enhance your technical analysis and decision-making process.

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**Disclaimer**:
This script is intended for educational and informational purposes only. Past performance is not indicative of future results. Always conduct your own research and consider risk management before executing trades.

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**Author**:
Developed by **MRS** (Market Research Strategist).
Feel free to reach out with feedback or suggestions for improvement!