hull moving average
Info
The hull moving average is a Indicator for MetaTrader 4 that the hull moving average (hma), developed by alan hull, is an extremely fast and smooth moving average that almost eliminates lag altogether and manages to improve smoothing at the same time. for that, alan wrote an equation for the calculation of this moving average like this:with this clever equation, alan got a very fast moving average that it is much more reactive to the price action.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use hull moving average
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
the hull moving average (hma), developed by alan hull, is an extremely fast and smooth moving average that almost eliminates lag altogether and manages to improve smoothing at the same time.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Zero Lag Moving Average - another powerful indicator for MetaTrader 4 traders.
the hull moving average (hma), developed by alan hull, is an extremely fast and smooth moving average that almost eliminates lag altogether and manages to improve smoothing at the same time. for that, alan wrote an equation for the calculation of this moving average like this:
Also recommended: dynamic moving average - similar indicator with strong performance on MetaTrader 4.
with this clever equation, alan got a very fast moving average that it is much more reactive to the price action.for a full explanation of how it works you can visit:
you can use it in two main ways:
using only one hma: when the hma change its slope, this is a good time to be ready for entry long or short depending of the direction of the slope change. always look for a good setup, like candlestick pattern or breakout of support-resistance zone.
using two hmas: with the typical cross of averages, e.g. hma(9) and hma(25). considering the same that is said above. also you can use it like out signal when it changes its slope (when you use only one hma or when you use two with the change in the slope of the fast hma). like all moving averages, it does not work well in range markets because it gives many false entries.
i have made the code so you can change the type of moving average used in the calculations (but this already would not be a real hull moving average) and the applied price. i like to use the typical price to take into account what has happened in each candle.
in the code, in the part "custom indicator initialization function", you will see the line:
if you write draw_line, you will see another line on the chart that represent this part of the equation:
this is the calculation previous to the hma calculus, but without the smoothing effect of applying a moving average to a moving average. you can use these lines like the use of two hmas of different periods.
You may also like: moving average of oscillator (osma) - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#include <movingaverages.mqh>
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 black
#property indicator_style1 0
#property indicator_width1 1.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.