triple hull
Info
The triple hull is a Indicator for MetaTrader 5 that the indicator is using 3 instances of hull moving average. the hull moving average (hma), developed by alan hull, is an extremely fast and smooth moving average.
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 triple hull
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
the indicator is using 3 instances of 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: triple exponential average (trix) - another powerful indicator for MetaTrader 5 traders.
the indicator is using 3 instances of hull moving average. the hull moving average (hma), developed by alan hull, is an extremely fast and smooth moving average. in fact, the hma almost eliminates lag altogether and manages to improve smoothing at the same time. combining 3 instances of hull averages to 3 prices (close, high and low) can help in giving us a sort of an over-all look at the current trend assessment.
Also recommended: triple exponential moving average (tema) - similar indicator with strong performance on MetaTrader 5.
probably the best way to use is to wait for the 3 instances to have the same slope color and then to use that slope as an indicator of a current trend, but the channel can be used too (for ranging periods when the channel can be used as a sort of a no trade zone). in any case, some experimenting with the hull period is advised for different symbols and different styles of trading.You may also like: Hull Moving Average with Color Change - 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.