B3_HL2MA is a super smoothed mean of medians. This moving average is a great trend switch mechanism with a bit of a knack for showing mean deviation and reversion. If your clouds get to be large, you are probably ripe for taking the profits. Often the MA comes to meet price, so the reversion trade isn't what this indicator is all about. Enter on the cross or turn of the line, and exit on major deviations from the line if you can time them. This makes for a decent way to help stay in the trend. The line turns dark blue as in the case that a trend is compromised by price action, otherwise stay in the direction of teal = long and maroon = short.
The length on this is very sensitive, and a smaller number is the best; the four to six range is usually the best for that input. I made the math for this indicator myself from a simple idea to use the median price of the bar, and then average that out, and afterwards smoothed per my style. It has become one of only a couple MA based indicators I will use. Enjoy! :) ~B3
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Notas de prensa
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Added Alerts for when the HL2MA line changes color.
Thanks for sharing!!!!!! very powerful tool!!!!!!!!!
TrendMaster5000
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This is my favorite MA in my list!
MarkWilliamsbb
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excellent, powerful tool
LoneFox
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May I ask how this one differs from B3 20/50 mean?
HammondB3
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@LoneFox, sure! HL2MA is much more capable of hugging the price with a smooth line, and the input affects the length used in figures as well as the smoothness. 20/50 Mean is much simpler in that it is only a function of 2 simple moving averages and how they are interacting with one another. You could lessen the inputs and get a line that hugs price closer, however, I wonder how smooth it would be compared to HL2MA. In talking to people that use the two MA's, I hear people looking for bias from the HL2MA set at low lengths, and more hear about 20/50 Mean used at default length for trailing a nice move and staying in it. Of course, the things people do are endless, just examples here.
LoneFox
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@HammondB3, Thank you for responding, I've tried lowering inputs with 20/50 mean but it's definitely not as smooth as HL2MA. Really nice work you did here with HL2MA, will you ever share the code for educational purposes?
leadhigh
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May I access your code for study and educational purposes?