The Hull Moving Average Forex indicator for Metatrader 5 was created by Alan Hull and eliminates lag and adds a smoothing factor.
The HMA is a popular moving average type that’s frequently used in Forex trading.
The most commonly used periods for the HMA: 200-day, 50-day, 20-day, 8-day and 5-day.
How to interpret this indicator?
- A candle close above the Hull Moving Average is considered bullish.
- A candle close below the Hull Moving Average is considered bearish.
The following indicator inputs and parameters can be modified: period (20), speed, and price.
The HMA indicator works for any trading instrument that can be loaded in the Metatrader 5 platform.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
Download Indicator 🆓
Hull average 2.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Hull Moving Average indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Hull Moving Average Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal occurs when the green colored Hull moving average line is displayed on the price chart.
- Open a buy trade and place your stop loss 5 pips below the previous swing low.
- Close the buy trade for a fixed take profit target, or wait for the orange HMA line to appear on the chart.
Sell Signal
- A sell signal occurs when the orange colored Hull moving average line is displayed on the price chart.
- Open a sell trade and place your stop loss 5 pips above the previous swing high.
- Close the sell trade for a fixed take profit target, or wait for the green HMA line to appear on the chart.
Download Now 🆓
Hull average 2.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Hull average 2.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration