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Hull Moving Average by Alan Hull
The Hull Moving Average solves the age old dilemma of making a moving average
more responsive to current price activity whilst maintaining curve smoothness. In fact the HMA almost eliminates lag altogether and manages to improve smoothing at the same time. To understand how it achieves both of these opposing outcomes simultaneously we need to start with an easily understood frame of reference.

Hull Moving Average

period:=Input("period",1,200,20);
sqrtperiod:=Sqrt(period);
Mov(2*Mov(C,period/2,W)-Mov(C,period,W),LastValue(sqrtperiod),W);

 
More info on Alan Hull site: AlanHull.com
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