The Hull Moving Average signals indicator for Metatrader 4 consists of a dual colored buy/sell signal line and works for any currency pair and time frame.
As the name implies, the indicator is based on the popular Hull Moving Average (HMA).
When loaded onto MT4, a dual colored line appears on the activity chart.
The colored HMA line shows you the trend, either buy or sell.
- A green HMA signal line represents a buy signal.
- A red HMA signal line represents a sell signal.
The HMA indicator could be used as a stand-alone trading tool but I prefer to mix it up with other technical indicators.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
Free Download
Download the “hma-color-nrp-indicator.ex4” MT4 indicator
Indicator Chart (EUR/USD D1)
The EUR/USD daily chart below displays the Hull Moving Average signals Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Hull Moving Average signals MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Initiate a buy trade when the HMA signals line reverts back from red to green. The trend is now upward.
Place a stop loss below support or use your own preferred SL method.
Sell Signal: Initiate a sell trade when the HMA signals line reverts back from green to red. The trend is now downward.
Place a stop loss above resistance or use your own preferred SL method.
HMA Signal Line + Forex Scalping Indicator MT4 Strategy
This MT4 scalping strategy combines the Hull Moving Average Signal Indicator with the Best Forex Scalping Indicator.
The HMA delivers fast trend direction signals: a green HMA line represents a buy signal and a red HMA line represents a sell signal.
The Forex Scalping Indicator provides arrow-based entries, where a blue arrow is a buy signal and a red arrow is a sell signal.
Together, these indicators create a fast and easy confirmation system for M1 and M5 scalping.
The strategy works well for traders who want simple visual signals and frequent trade opportunities.
The HMA identifies the immediate trend, while the scalping arrow confirms the exact moment to enter.
This combination reduces hesitation and helps avoid counter-trend entries during fast intraday movements.
Buy Entry Rules
- Wait for the HMA signal line to turn green.
- Look for a blue arrow to appear from the scalping indicator.
- Enter a buy trade at the close of the blue arrow candle.
- Place stop loss 5 to 10 pips below the recent swing low.
- Take profit 8 to 15 pips on M1, or 12 to 20 pips on M5.
Sell Entry Rules
- Wait for the HMA signal line to turn red.
- Look for a red arrow from the scalping indicator.
- Enter a sell trade at the close of the red arrow candle.
- Place stop loss 5 to 10 pips above the recent swing high.
- Take profit 8 to 15 pips on M1, or 12 to 20 pips on M5.
Advantages
- Clear and simple entries using color changes and arrows.
- Good for fast-moving markets like London and New York sessions.
- Works well for traders who prefer visual confirmation.
- Produces many trade opportunities on M1 and M5.
- Combines trend direction with precise entry timing.
Drawbacks
- Fast spreads or slippage can reduce profit on M1.
- Requires quick execution and attention.
- Not ideal for low-liquidity periods.
Example Case Study 1
On EURJPY M1 during the London session, the HMA line turned green as momentum increased.
A blue arrow appeared shortly after during a small pullback.
A buy trade was entered with a stop loss 7 pips below the swing low.
Price pushed upward as volatility picked up and reached a 12 pip target within three minutes.
The HMA stayed green during the entire move, showing clear trend strength.
Example Case Study 2
On GBPUSD M5 during early New York trading, the HMA signal line turned red after a sharp drop.
A red arrow is printed on the next candle, confirming bearish continuation.
A sell position was opened with a stop loss 9 pips above the pullback high.
GBPUSD continued falling for the next few candles, reaching a 16 pip target smoothly.
Both indicators stayed aligned, making the trade low stress and easy to manage.
Strategy Tips
- Focus on active market sessions for cleaner signals.
- Avoid trading when the HMA frequently switches colors within a short period.
- Use slightly wider targets on volatile pairs like GBPJPY.
- Do not enter trades if the arrow appears against the HMA color.
- Backtest different timeframes to find the one that fits your style best.
Download Now
Download the “hma-color-nrp-indicator.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (HMA period, HMA price type, HMA method) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: trend
