hurst bands
Info
The hurst bands is a Indicator for MetaTrader 5 that james (jim) m. hurst bands form % of bands around the median calculated using the hurst equation.
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 hurst bands
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
james (jim) m.
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: Bands Stoch RSI Extreme Reversal Signals - another powerful indicator for MetaTrader 5 traders.
james (jim) m. hurst bands form % of bands around the median calculated using the hurst equation. external bands (called extremebands) mean extreme overbought/oversold conditions. internal bands mean potential price return points. they also act as dynamic support/resistance levels.
Also recommended: B Bands Psar Indicator - similar indicator with strong performance on MetaTrader 5.
the indicator has seven adjustable parameters:period
- calculation period
inner value
- internal bands deviation value
outer value
- external bands deviation value
extreme value
- extreme bands deviation value
show extreme lines
- display the lines of extreme values
show outer lines
- display the lines of external values
show inner lines
- display the lines of internal values
calculation:
where:
hurst bands are often used together with , in particular, to search for divergences between bands and oscillator lines.
fig. 1. hurst bands
fig. 2. hurst bands and hurst oscillator
You may also like: bollinger bands 3 sigma - 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.