HMA w(LRLR)

Description: This script combines a customizable Hull Moving Average (HMA) with a Low Resistance Liquidity Run (LRLR) detection system, ideal for identifying trend direction and potential breakout points in a single overlay.

Features:

Hull Moving Average (HMA):

Select separate calculation sources (open, high, low, close) for short and long periods.
Choose from SMA, EMA, and VWMA for length type on both short and long periods, offering flexible moving average calculations to suit different trading strategies.
Color-coded HMA line that visually changes based on crossover direction, providing an intuitive view of market trends.
Customizable options for line thickness, color transparency, and band fill between HMA short and long lines.
Low Resistance Liquidity Run (LRLR):

Detects breakout signals based on price and volume conditions, identifying potential liquidity run levels.
User-defined length and breakout multiplier control breakout sensitivity and adjust standard deviation-based thresholds.
Color-coded visual markers for bullish and bearish LRLR signals, customizable for user preference.
Alerts for both bullish and bearish LRLR events, keeping users informed of potential trading opportunities.
This script allows traders to visually track the HMA trend direction while also spotting low-resistance liquidity opportunities, all on one chart overlay.

Disclaimer: This tool is intended for educational purposes only and should not be used solely to make trading decisions. Adjust parameters as needed, and consider additional analysis for comprehensive decision-making.