hull moving average
Info
The hull moving average is a Indicator for MetaTrader 5 that basics (description by all hull) by alan hull back in 2005 when i was working on a new indicator i was temporarily sidetracked by trying to solve the problem of lag in moving averages, the outcome of which was the hull moving average. since then the hma has found its way into charting programs around the world and is regularly discussed on traders bulletin boards in different languages around the world.
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 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
basics (description by all hull) by alan hull back in 2005 when i was working on a new indicator i was temporarily sidetracked by trying to solve the problem of lag in moving averages, the outcome of which was the hull 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: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Relative Moving Average (RMA) Indicator for MT5 - similar indicator with strong performance on MetaTrader 5.
basics (description by all hull) by alan hull back in 2005 when i was working on a new indicator i was temporarily sidetracked by trying to solve the problem of lag in moving averages, the outcome of which was the hull moving average.since then the hma has found its way into charting programs around the world and is regularly discussed on traders bulletin boards in different languages around the world. it was the result of an intellectual curiosity which i placed into the public domain by writing the following article .
the hull moving average solves the age old dilemma of making a moving average more responsive to current price activity whilst maintaining curve smoothness. in fact the hma almost eliminates lag altogether and manages to improve smoothing at the same time.
to understand how it achieves both of these opposing outcomes simultaneously we need to start with an easily understood frame of reference. the following chart contains a 16 week simple moving average which constantly lags the price activity and has poor smoothness.
hull moving average (hma) formula integer(squareroot(period)) wma [2 x integer(period/2) wma(price) - period wma(price)]
as usual some experimenting with parameters is advised prior to using it in trading decisions
You may also like: multi-timeframe moving average indicator (v03) - excellent alternative for indicator users on MetaTrader 5.
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.