Hull MA with 4 StdDev Bands

ull MA with Multi-StdDev Bands
This indicator plots a Hull Moving Average (HMA) of (High + Low) / 2 with a default length of 90, surrounded by four customizable standard deviation bands.

Features:

Dynamic Hull MA coloring: Green when price trend is rising, red when falling.

Customizable deviation levels: Default set to 1.2, 1.4, 1.6, and 1.8 standard deviations, adjustable in the settings.

4 upper and 4 lower volatility bands: Based on the standard deviation of price relative to the Hull MA, providing a clear visual of potential overbought and oversold zones.

Uses:

Identify trend direction quickly via Hull MA color change.

Monitor volatility expansion/contraction.

Spot potential reversal or breakout areas when price interacts with outer bands.