Triple HMA Bands (1.2 / 1.4 / 1.6)

📈 Triple HMA Bands — Custom Volatility & Trend Indicator
Description:

The Triple HMA Bands indicator combines the Hull Moving Average (HMA) with volatility-based envelopes, similar to Bollinger Bands, to visualize trend direction and market extremes.

The HMA (length 90) serves as the central trend line, offering a smooth and responsive view of market direction.

Surrounding the HMA are three dynamic bands calculated using standard deviations of price:

Inner Band (1.2σ) — normal volatility range.

Middle Band (1.4σ) — elevated volatility zone.

Outer Band (1.6σ) — statistically extreme price movement.

The shaded zones between the bands help visualize volatility expansion and contraction, making it easier to identify:

Trend strength and stability

Potential reversal zones

Breakout or breakdown events

How to Use:

Price staying within the inner band may indicate a stable trend or consolidation.

Price reaching or exceeding the outer band suggests overbought/oversold conditions and potential reversal.

Widening bands = rising volatility; narrowing bands = low volatility, often before a breakout.

This indicator is ideal for trend traders, mean reversion strategies, or anyone wanting a volatility-sensitive trend filter.