HAMA Bands

-53%
Regular Price $296 Special Price $139

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Product Description

Many traders are familiar with HAMA as a reliable indicator for trend identification. However, have you discovered the potential for effectively identifying reversal points with our revolutionary HAMA Bands?


Introducing HAMA Bands, a new invention based on the classic HAMA, creating a unique indicator that you won't find anywhere else on the market.

 

Who can benefit?     

    • Are you a trader in search of a robust reversal signal indicator suitable for any chart or trading style?

    • A Bollinger Band user seeking a fresh approach that aligns better with your trading style?

    • A general fan of the HAMA indicator?

    • Perhaps, you resonate with all of the above?

 

HAMA Bands can cater to all of your needs

 

 

Let’s go through what changes we’ve made in HAMA Bands:

 

1. The Plots

 

In HAMA Bands, we’ve created double plots:

    • Upper plot: Blue color  
    • Lower plot: Red color 

 

There's no need to navigate through intricate mathematical problems or complex algorithms. Instead, you can effortlessly identify strong entries by simply examining the candle and the plot visually.

 

Moreover, you have the flexibility to tailor the algorithm used for Heiken Ashi input, allowing you to fine-tune threshold plots with a choice of up to 11 distinct Moving Averages (MA). 

 

This means you no longer need to experiment with numerous indicators featuring different algorithms on your chart. With just a few clicks in the settings, you can effortlessly explore alternative perspectives to generate trading signals.

 

2. Trading signal mechanism:

 

HAMA Bands bring a straightforward yet robust condition for each trading signal:

 

A "Return" signal will be triggered if a candle's Close price is outside the middle zone marked by the 2 HAMA Bands and subsequently returns, with the Close price of the first candle being in the middle zone.

 

 

3. Personal Customization:

 

With our unique settings: “Offset and Multiplier” - you have the flexibility to customize the distance between the two plots and regulate the frequency of signals appearing on your chart.

 


 

The flexibility of this parameter allows you to customize HAMA Bands to fit your trading style, whether you're a scalper, swing trader, or any trading style in between.

 

HAMA Bands can give you an outstanding approach to spotting reversals, offering not just simplicity but also tailor-made customization to suit your unique trading style. 

 

Ready to upgrade your trading? Start using HAMA Bands now and make your decisions with confidence.

 

Dedicated NinjaScript signals:
  • Signal_State: 1 = above upper band, -1 = below lower band, 0 = inside
  • Signal_Trade: 1 = break up, -1 = break down, 2 = return from lower band, -2 = return from upper band, 0 = no signal

Software Changelog

  • 07 Jun 2024 - The "Shift Right" parameter & the "Signal Trade" plot were added.
  • 14 Dec 2023 - The indicator was released (built new).

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These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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