Hull Moving Average (HM A)
Info
The Hull Moving Average (HM A) is a Indicator for MetaTrader 5 that hull moving average (hma) that can change its color. HMA is used for determining market entries and exits.
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 (HM A)
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
Hull Moving Average (HMA) that can change its color.
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: Multi-Timeframe Moving Average Indicator (v03) - another powerful indicator for MetaTrader 5 traders.
Hull Moving Average (HMA) that can change its color. HMA is used for determining market entries and exits.
Also recommended: Universal Moving Average Indicator for MT5 - similar indicator with strong performance on MetaTrader 5.
The indicator principle is quite simple: when the price moves upwards, the line is colored in violet, when the price goes downwards, the line color changes for red.The indicator color may change at the current bar, therefore, its main function is not a color but the price location. If the price is lower than the indicator line, there is probably a downtrend, if the price is higher than the indicator line, there is probably an uptrend.
The indicator uses SmoothAlgorithms.mqh library classes (the file must be copied to the
terminal_data_folder
\MQL5\Include). Working with the classes was thoroughly described in the article .
Hull Moving Average
You may also like: Heiken Ashi On Adaptive Moving Average - excellent alternative for indicator users on MetaTrader 5.
⚠ 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.