fast ema hull average
Info
The fast ema hull average is a Indicator for MetaTrader 5 that theory : original hull moving average is calculated as lwma[square root(period), (2*lwma(period/2, price)-lwma(period, price)] (where lwma is linear weighted moving average). that kind of calculation produces rather smooth average with acceptable lag.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use fast ema hull 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
theory : original hull moving average is calculated as lwma[square root(period), (2*lwma(period/2, price)-lwma(period, price)] (where lwma is linear weighted moving average).
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Fast Trend Line Momentum and Slow Trend Line Momentum Indicators - another powerful indicator for MetaTrader 5 traders.
Also recommended: FATL: Fast Adaptive Trend Line Indicator - similar indicator with strong performance on MetaTrader 5.
theory :original hull moving average is calculated as lwma[square root(period), (2*lwma(period/2, price)-lwma(period, price)] (where lwma is linear weighted moving average). that kind of calculation produces rather smooth average with acceptable lag. some other average types have been used too, but they tend to produce lag that is exceeding the lag of the original hull moving average
usage :
Source Code
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⚠ 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.