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 Home > Training > EzyChart Tutorials > Alan Hull indicators
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Alan Hull indicators - Tutorial

EzyChart v6 includes specialised indicators by Alan Hull. These include:

Indicators | ^TOP

The Alan Hull indicators can be applied to your chart by clicking on the Indicators tab in the Ribbon menu and then selecting an indicator from the Alan Hull drop-down menu.

Hull Multiple Moving Average (HMMA) Indicator
The HMMA are a series of moving averages that track and filter price movements. They consist of 2 sets of exponential moving averages that allow the user to observe and compare the immediate behaviour of price activity with the long-term behaviour of the price activity.

By default the HMMA will be overlayed on your current chart. You can make the chart invisible so the HMMA is easier to view, by toggling the chart on/off using the Properties screen.

Hull - Rate of Annual Return (HRoR) Indicator
This indicator is used to calculate the annual rate of return of a share given its current rate of climb or fall. It achieves this by calculating the annual increase in price activity and then dividing it by the current share price. The result is then multiplied by 100 to convert it to a percentage.

By default the HRoR will be added to the bottom of the workspace in its own panel.

Hull Moving Average (HMA) Indicator
The HMA is highly responsive to changes in price activity whilst having superior smoothing over a simple moving average of the same period. Lag is reduced via a geometric solution and smoothing is achieved using nested averaging.

By default the HMA will be overlayed on your current chart.

Hull Range (HRI) Indicator
This indicator consists of three lines which break a chart into 4-zones. The lines include a linear regression line known as the Central Cord, which is enveloped by an Upper and Lower Deviation line which captures the bulk of price activity.

By default the HRI will be overlayed on your current chart. You can make the chart invisible so the HRI is easier to view, by toggling the chart on/off using the Properties screen.

For simplicity, the Hull indicators are pre-configured for the most common parameters and logical placement. However, they are all fully-configurable through the Properties screen.

Add an Alan Hull indicator to your chart | ^TOP

An indicator will remain on your chart until you either delete it or the chart from your workspace. The indicator will continue to update as you catchup your data. To add the Hull Multiple Moving Average (HMMA) indicator to your chart, do the following:

  1. Open a chart.
  2. Select the Indicators tab from the Ribbon menu.
  3. Click on the Alan Hull drop-down icon to display the list of indicators.

  4. Select the HMMA indicator.

The HMMA indicator will be overlayed on top of your chart. If you would like to hide the chart or you wish to change the colours and other properties of this indicator, go to Change an indicators properties.

Change an indicators properties | ^TOP

The following instructions will show you how to change the properties for the Alan Hull HMMA indicator.
  1. Follow the instructions in add a Alan Hull indicator to your chart.
  2. Click on the Properties button in the top-left of the HMMA indicators panel.

  3. The Properties window is now displayed. This window has two sections. The tree-menu on the left-side is the hierarchy of items in the panel. The right-side of the screen updates dynamically with the configurable properties available for whatever is selected in the tree-menu.
  4. Select the HMMA indicator from the tree-menu to display its properties.

    There are four (4) main groups of properties for the HMMA indicator:

    Group Description
    Parameters Change the underlying stock this indicator is based on; make the indicator invisible; hide the price display (chart) and change the linked axis.
    To hide the chart under the HMMA indicator, do the following:
    1. Put a tick in the Hide Price Display box.
    2. Click the Select button.
    3. You will now see only the HMMA indicator.

    Fast Bands & Slow Bands - Line 1 to Line 6 The HMMA indicator is made up of six fast lines and six slow lines. These groups let you change the appearance of the fast lines. You can make them invisible; change their colour; make them thicker or thinner and change them from a solid to a dotted line.
    Lines This group allows the user to add horizontal lines to the indicator. By default this indicator doesn't have or need any lines.
    Shading This group allows the user to add shading to the indicator. You can shade between the indicator; lines and/or the top/bottom of the panel. By default this indicator has no shading. To add shading between the Slowest Fast Band and the Fastest Slow Band, do the following:
    1. Open the Shading group by clicking on the arrow.
    2. Click on the Add button.
    3. Select Series: Fast Band - Line 6 (Slowest) in the From cell.
    4. Select Series: Slow Band - Line 1 (Fastest) in the To cell.
    5. Choose a colour from the Colour cell.
    6. Choose a transparency for the colour from the Fill cell.
    7. Click the Select button.
    8. You will now see shading between these two lines on your chart.

  5. Make any changes you require to these properties.
  6. If these changes are just for this session then click the Select button to close the Properties window and view your changes.
    If you want to save these changes so they are always applied when you select this indicator from the Indicator tab on the menu, click the Save as Default button.
    If you want to delete this indicator, click the Delete button.
For more information on this indicator and its properties, click the help icon on this screen from within EzyChart.

Glossary of terms used in this tutorial | ^TOP

Chart Type
is a general term given to a type of chart, for example: Line Chart; Bar Chart; Candlestick Chart; Gann Swing; Kagi; Renko etc.
Drawing Tools
are found on the Drawing Tools tab on the ribbon menu. They are applied to your chart and/or indicators by selecting one from the ribbon and then drawing it on your chart. Some of these tools only require the user to click on the chart (i.e. ATR) whilst others need to be clicked and dragged (i.e. Parabolic Curve) to the required end position.
Indicators
and oscillators are found in the Indicators tab on the ribbon menu. They are applied to your chart by selecting one from the appropriate ribbon drop-down buttons. Indicators like the MACD will be added to a new panel on your chart tab whilst HMMA's will be overlayed on the chart itself.
Live Charts
are basically charts with some applied technical analysis. This could include indicators; trend lines; symbols; text and drawing tools. As Live charts update with new data the technical analysis you've applied will remain on the chart anchored to the place you added it.
Overlay
this term is used when you add an indicator or chart over the top of another indicator or chart instead of putting it into a panel.
Panel
the chart on the workspace consists of panels of data. Each panel is boxed and has a set of buttons which minimise, maximise, delete and show properties for the panel. A panel could contain a chart with security prices or an indicator.
Parameters
are properties in an indicator that are used in the calculation of that indicator. Some indicators have parameters that can be configured by the user.
Placement
refers to where an indicator is placed on your workspace. An indicator can be overlayed on a chart or another indicator or it can be put into its own panel.
The Workspace
contains charts for any stocks or groups of stocks you have opened from the Stock Selection Docker. This is the area of the program where you add indicators and drawing tools to the charts you've opened. You can save workspaces or create a new one each session. Workspaces will automatically update with new data each time you do a Catchup in BodhiGold.