The Super Trend Hull indicator for Metatrader 5 provides robust trading signals based on a combination of Super Trend and the Hull moving average.
The indicator appears as a green and violet colored non-repaint signal line on the price chart.
Here’s how you should interpret the indicator:
- A green colored signal line suggests an uptrend.
- A violet colored signal line indicates a downtrend.
The indicator allows customizing the following settings and parameters: Hull period and buy and sell line color.
Gain confidence in utilizing the Super Trend Hull indicator and test it first on a demo account for an extended period.
Super Trend Hull, like any other technical indicator, cannot guarantee 100% accuracy.
Download Indicator
super_trend_hull.mq5 Indicator (MT5)
Chart Example GBPUSD H4
Here is how the Super Trend Hull indicator appears when applied to the MT5 chart.
How To Buy And Sell Forex With The Super Trend Hull Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is triggered when the green signal line is displayed on the price chart.
- Open a buy trade and place your stop loss a few pips below the green Super Trend Hull line.
- When a sell signal emerges on the chart, it is advisable to exit the buy position.
- Alternatively, exit the buy position for a fixed take profit target of your preference.
Sell Signal
- A sell signal is triggered when the red signal line is displayed on the price chart.
- Open a sell trade and set your stop loss a few pips above the red Super Trend Hull line.
- When a buy signal emerges on the chart, it is advisable to exit the sell position.
- Alternatively, exit the sell position for a fixed take profit target of your preference.
Download Now
super_trend_hull.mq5 Indicator (MT5)
Precision Trend Riding with Super Trend Hull and Signal Bars MT5 Strategy
This strategy merges the smooth and responsive trend detection of the Super Trend Hull Forex Indicator with the straightforward buy/sell signals from the Simple Trend Bar Indicator with Signal.
This combination helps traders identify strong trends and enter with confidence using clear visual cues.
Indicators Used
- Super Trend Hull Forex Indicator: Uses Hull Moving Average principles combined with Super Trend logic for smooth and accurate trend identification.
- Simple Trend Bar Indicator with Signal: Provides color-coded trend bars and explicit buy/sell signals to validate entries.
Timeframes
Ideal for M15, M30, and H1 charts for both intraday and swing trading strategies.
Buy Entry Rules
- The Super Trend Hull indicator shows a bullish trend (price above the indicator line and trend direction upwards).
- The Simple Trend Bar Indicator displays green bars and a buy signal.
- Enter a long trade on the confirmation candle close where both conditions align.
- Set stop-loss below the recent swing low or below the Super Trend Hull indicator line.
- Take profit at the next resistance level or use a suitable risk-reward ratio.
Sell Entry Rules
- The Super Trend Hull indicator signals a bearish trend (price below the indicator line with a downward slope).
- The Simple Trend Bar Indicator shows red bars and a sell signal.
- Enter a short trade at the close of the confirming candle when both signals match.
- Place a stop-loss above the recent swing high or above the Super Trend Hull indicator line.
- Target the next support zone or manage exits according to your risk parameters.
Strategy Tips
- Wait for both indicators to confirm the trend direction before entering a trade for higher accuracy.
- Combine with higher timeframe analysis to filter out false signals and confirm the dominant trend.
- Use proper risk management and adjust stop-loss and take profit based on volatility.
Conclusion
By combining the smooth trend-following capability of the Super Trend Hull Forex Indicator with the clear signals from the Simple Trend Bar Indicator with Signal, traders can confidently identify and enter strong trending moves with clear confirmation and effective risk control.
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 super_trend_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!
