hull moving average
Info
The hull moving average is a Indicator for MetaTrader 5 that i did not understand the source of other hull ma implementations, so i decide to implement it myself. it has four input parameters:inphmaperiod = 20 inpcolorkind = single_color inpcolorindex = color_index_3 inpmaxhistorybars = 240 these parameters are self explanatory.
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
i did not understand the source of other hull ma implementations, so i decide to implement it myself.
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.
i did not understand the source of other hull ma implementations, so i decide to implement it myself. it has four input parameters:inphmaperiod = 20
inpcolorkind = single_color
inpcolorindex = color_index_3
inpmaxhistorybars = 240
these parameters are self explanatory. the enumeration enum_color_kind switches between single and multi color, default is single color. in multi color, the hull ma has another color for rising and a different one for falling values. in single color mode, the enum_color_index sets the single color of the hull ma. in multi color mode, the default color is grey. on upslope the color is green and on downslope it is red. you can see it in the following two pictures.
the code:
enjoy to use it.
You may also like: multi-timeframe moving average indicator (v03) - excellent alternative for indicator users on MetaTrader 5.
Source Code
/*
=== my hull moving average implementation
in my indicator you can choose between single- and multi-color for
the indicator line.
*/
enum enum_color_kind { // single or alternating color
single_color,
multi_color
};
enum enum_color_index { // index of indicator_color1 colors.......
⚠ 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.