The Moving Average Difference Hann Indicator was created by John Ehlers (Stocks and Commodities Nov 2021) and this is an improved variation of his Moving Average Difference Indicator that uses smoothing from his Hann Windowing Indicator to provide smoother buy and sell signals. As for how this indicator works it is an improved version of the classic MACD indicator which of course takes a difference between two exponential moving averages. I have included strong buy and signals in addition to normal ones so lighter colors are normal signals and darker colors are strong signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
I love how Ehlers just keeps hammering out new indicators after all these years. Thanks for bringing these to TV. I wonder if this could be improved by using adaptive lengths? I guess there's only one way to find out...
cheatcountry
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@AtomOfScent, Yeah the guy is 88 years old and is still going strong. I'm sure he will be publishing indicators until the day he dies
u053541
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longLength := math.ceil((shortLength + domCycle) / 2) this part had some different from the original code, is it should be "domCycle/ 2"? like following: longLength := math.ceil((shortLength + domCycle/ 2) )
cheatcountry
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@u053541, I updated this script based on the error you found. Just wanted to let you know
FadiD86
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You are an indicator publishing stud cheatcountry - thank you!
I wonder if this could be improved by using adaptive lengths? I guess there's only one way to find out...