TradingView Pine Script indicator designed for daily timeframe trend trading. It uses a custom enhanced Triple Hull Moving Average (THMA) algorithm, integrated with volatility-based bands, RSI filtering, and clear trend-based signals.
- Enhanced THMA with weighted EMA smoothing
- ATR-based bands for dynamic volatility insight
- Configurable buy and sell signal logic
- Directional trend coloring
- Optional RSI filter to reduce false positives
- Trend highlighting for visual clarity
- Built-in alerts for buy/sell signals and direction changes
| Parameter | Description |
|---|---|
| Source | Price input (default: close) |
| Length | Smoothing period for THMA |
| Show Band | Toggle ATR-based band visualization |
| Color Trend | Apply color coding based on trend direction |
| Band Width | Multiplier for ATR band width |
| Show Signals | Display buy and sell signals |
| Highlight Trend | Enable background highlighting |
| Use RSI Filter | Enable RSI filter for signal validation |
| RSI Length | RSI calculation length |
| RSI Overbought | Upper threshold for RSI |
| RSI Oversold | Lower threshold for RSI |
| Arrow Offset | Distance of signal markers from price |
Buy Signal
- THMA changes from downtrend to uptrend
- RSI is below the overbought threshold (if RSI filter is enabled)
Sell Signal
- THMA changes from uptrend to downtrend
- RSI is above the oversold threshold (if RSI filter is enabled)
Alerts
- Buy signal trigger
- Sell signal trigger
- THMA direction change
- Open the Pine Editor on TradingView
- Paste the script and save
- Add to a chart using the daily timeframe
- Adjust inputs based on your asset or preference
- Set alerts using the built-in alert conditions
Erika Barker
Miami-based economic data scientist and quantitative strategist with a background in predictive modeling, econometrics, and algorithmic trading.
Navy veteran and founder of Mercedes and Mcrill, specializing in financial analytics and forecasting systems.
This script is provided for educational and informational purposes. Use at your own risk. No guarantees are provided regarding performance or accuracy