Triangular Hull Moving Average + Volatility [BigBeluga]

This indicator combines the Triangular Hull Moving Average (THMA) with a volatility overlay to provide a smoother trend-following tool while dynamically visualizing market volatility.

🔵Key Features:

• THMA-Based Trend Detection: The indicator applies a Triangular Hull Moving Average (THMA) to smooth price data, reducing lag while maintaining responsiveness to trend changes.
  

  // THMA
  thma(_src, _length) =>  
      ta.wma(ta.wma(_src,_length / 3) * 3 - ta.wma(_src, _length / 2) - ta.wma(_src, _length), _length)

  
• Dynamic Volatility Bands: When enabled, the indicator displays wicks extending from the THMA-based candles. These bands expand and contract based on price volatility.
  
• Trend Reversal Signals The indicator marks trend shifts using triangle-shaped signals:
  - Upward triangles appear when the THMA trend shifts to bullish.
  - Downward triangles appear when the THMA trend shifts to bearish.
  
• Customizable Settings: Users can adjust the THMA length, volatility calculation period, and colors for up/down trends to fit their trading style.
  
• Informative Dashboard: The bottom-right corner displays the current trend direction and volatility percentage, helping traders quickly assess market conditions.
  

🔵Usage:

• Trend Trading: The colored candles indicate whether the market is trending up or down. Traders can follow the trend direction and use trend reversals for entry or exit points.
  
• Volatility Monitoring: When the volatility feature is enabled, the expanding or contracting wicks help visualize market momentum and potential breakout strength.
  
• Signal Confirmation: The triangle signals can be used to confirm potential entry points when the trend shifts.
  

This tool is ideal for traders who want a responsive moving average with volatility insights to enhance their trend-following strategies.