The Hull Ribbon Signal indicator for Metatrader 5 is based on the Hull moving average and delivers trading signals for any FX pair.
The Hull Ribbon is displayed in the activity chart as a colored green and red trend-following line.
The indicator works for scalpers, day traders, and swing traders alike.
How does the indicator work?
- A green colored Hull Ribbon line shows a buy trend.
- A red colored Hull Ribbon line shows a sell trend.
The following indicator inputs and parameters can be modified: period (14), fast speed, slow speed, price, and style.
The Hull Ribbon indicator works for any trading instrument (Forex, Stocks, Indices, etc.) that can be loaded in the Metatrader 5 platform.
Make yourself familiar with this technical indicator and test it first on a demo account.
It supports all time frames and Forex pairs.
Download Indicator 🆓
Hull ribbon.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Hull Ribbon Signal indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Hull Ribbon Forex Signal Indicator?
Find a simple trading example below:
Buy Signal
- The start of the green Hull Ribbon line is a buy signal.
- Open a buy order and place a stop loss below technical support.
- Close the buy trade for a fixed take profit target or hold the trade until the indicator changes color to red.
Sell Signal
- The start of the red Hull Ribbon line is a sell signal.
- Open a sell order and place a stop loss above technical resistance.
- Close the sell trade for a fixed take profit target or hold the trade until the indicator changes color to green.
Download Now 🆓
Hull ribbon.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 ribbon.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