Hull Moving Average
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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.
