The Schaff Trend Cycle + Hull Moving Average indicator for Metatrader 5 combines the Schaff oscillator with a Hull moving average and it predicts future currency trends.
This indicator has a smoothing period for better trend accuracy.
The Schaff Trend Cycle + Hull Moving Average works out of the box for both scalpers and day traders.
Swing traders should trade with this tool in agreement with the longer-term trend.
How to predict future currency trends with it?
- A green colored signal line predicts a bullish trend.
- A red colored signal line predicts a bearish trend.
The indicator contains the following inputs and parameters: schaff period, fast period, slow period, smoothing period, and price.
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 🆓
Schaff trend cycle – Hull.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Schaff Trend Cycle + Hull Moving Average Forex indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Schaff Trend Cycle + Hull Moving Average Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal occurs when the green colored signal line gets displayed on the chart.
- Open a buy transaction and place your stop loss below immediate support.
- Close the buy trade for 7-15 pips profit, or wait for a sell signal.
Sell Signal
- A sell signal is occurs when the red colored signal line gets displayed on the chart.
- Open a sell transaction and place your stop loss above immediate resistance.
- Close the sell trade for 7-15 pips profit, or wait for a buy signal.
Download Now 🆓
Schaff trend cycle – Hull.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 Schaff trend cycle – Hull.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