HAMA Bands

Think you know HAMA? Think again!

Most traders recognize HAMA as a trusted tool for trend identification. But what if you could go beyond trends and pinpoint reversal points with precision?

Meet HAMA Bands – an innovative breakthrough that transforms the classic HAMA into a next-level indicator. This one-of-a-kind tool is designed to help traders identify strong reversals like never before.

Who can benefit from HAMA Bands?

✔ Looking for a powerful reversal signal indicator that works across all charts and trading styles?

✔ A Bollinger Bands user eager for a fresh, more refined approach?

✔ A long-time HAMA fan wanting to explore its full potential?

✔ Or maybe you relate to all of the above?

If so, HAMA Bands is the perfect addition to your trading arsenal!

What sets HAMA Bands apart?

1. Double Plot structure

HAMA Bands introduces a dual-plot system for crystal-clear trade signals:

• Upper Band – Blue
• Lower Band – Red

No need for complex calculations or confusing formulas—just visual clarity that makes identifying trade opportunities effortless.

Plus, you can customize the Heiken Ashi input by selecting from 11 different Moving Averages (MA), helping you fine-tune the bands for optimal signal accuracy.

Instead of juggling multiple indicators, you can now adjust settings in just a few clicks to discover fresh trading perspectives.

2. Smart trading signal mechanism

HAMA Bands streamline reversal detection with a simple yet highly effective signal condition:

A “Return” signal occurs when the Close price moves outside the middle zone (formed by the two HAMA Bands) and then returns, with the first candle closing back inside the zone. This approach offers a straightforward yet powerful way to spot high-probability reversals.

3. Tailor-made customization

With the Offset & Multiplier settings, you can:

• Adjust the distance between the two bands
• Fine-tune the signal frequency to match your strategy

Whether you’re a scalper, swing trader, or anywhere in between, HAMA Bands adapt to your unique trading style.

HAMA Bands provides an exceptional way to spot reversals with clarity, enhanced customization, and a user-friendly approach.

Start using HAMA Bands today and make trading 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

Compatibility

• Instruments: futures, stocks, indices
• Interval types: timebased or non-timebased, standard or custom
• Chart styles: whatever