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Hull moving average (ema based)
Info
The Hull moving average (ema based) is a Indicator for MetaTrader 4 that original hull moving average is calculated using lwma (linear weighted moving average). But sometimes that way of calculation tends to overshootPossible solution for that is to use some other average method to calculate HullThis version :is using EMA (Exponential Moving Average) for calculation and it seems to be helping in the overshooting while keeping the signals at almost the same positions.
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 (ema based)
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
Original Hull moving average is calculated using LWMA (Linear Weighted Moving Average).
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: Moving Average of Oscillator, Os MA - another powerful indicator for MetaTrader 4 traders.
Original Hull moving average is calculated using LWMA (Linear Weighted Moving Average). But sometimes that way of calculation tends to overshoot
Also recommended: Moving Average Convergence Divergence, MA C D - similar indicator with strong performance on MetaTrader 4.
Possible solution for that is to use some other average method to calculate HullThis version :
is using EMA (Exponential Moving Average) for calculation and it seems to be helping in the overshooting while keeping the signals at almost the same positions.
is having the additional "speed" parameter (which can be helpful for further filtering out signals without changing the Hull period)
Recommended usage :
You can use color changes as signals for trend change
You may also like: Alternative of Moving Averages on the Basis of Bezier Curve - excellent alternative for indicator users on MetaTrader 4.
⚠ 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.