DEMA HMA Z-score Oscillator

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This custom oscillator combines the power of the Hull Moving Average (HMA) with the Z-Score to identify momentum shifts and potential trend reversals. The Z-Score measures how far the current HMA is from its historical mean, helping to spot overbought or oversold conditions.

Uptrend: Long signals are generated when the Z-Score crosses above the defined Long Threshold.

Downtrend: Short signals are triggered when the Z-Score drops below the Short Threshold.

Visuals: The Z-Score is plotted along with background color changes and fills to clearly indicate trend strength. Green fills highlight uptrends, while pink fills indicate downtrends.

Alerts: Alerts are available for both long and short conditions based on Z-Score crossovers.

Customizable Inputs:

HMA Length

Smoothing Length (for DEMA)

Z-Score Length

Long and Short Thresholds

This indicator is ideal for detecting momentum shifts, confirming trend strength, and helping to time entry/exit points in your trading strategy.

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