Unified Hull MA: Four Color-Coded Lines with Ring Buffer
Info
The Unified Hull MA: Four Color-Coded Lines with Ring Buffer is a Indicator for MetaTrader 5 that unified hull ma - 4 lines with directional colorsthis indicator displays up to four hull moving average lines on a single chart, each color-coded to indicate its directional trend. It supports the calculation of 2, 3, or 4 Hull lines.
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 Unified Hull MA: Four Color-Coded Lines with Ring Buffer
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
Unified Hull MA - 4 lines with directional colorsThis indicator displays up to four Hull Moving Average lines on a single chart, each color-coded to indicate its directional trend.
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: Hull Moving Average with Color Change - another powerful indicator for MetaTrader 5 traders.
Unified Hull MA - 4 lines with directional colorsThis indicator displays up to four Hull Moving Average lines on a single chart, each color-coded to indicate its directional trend. It supports the calculation of 2, 3, or 4 Hull lines.
Also recommended: AD X Cross Hull Style Indicator - similar indicator with strong performance on MetaTrader 5.
The indicator utilizes a ring-buffer memory management system for efficiency.
Buffer Layout:
- Buffers 0/1: Hull Line 1
- Buffers 2/3: Hull Line 2
- Buffers 4/5: Hull Line 3
- Buffers 6/7: Hull Line 4
Features:
- Multiple Hull MA lines on one chart
- Color-coded lines for trend direction
- Configurable periods for each Hull line
- Ring buffer for memory optimization
Input Parameters:
- Hull 1 Period: Sets the period for the first Hull Moving Average.
- Hull 2 Period: Sets the period for the second Hull Moving Average.
- Hull 3 Period: Sets the period for the third Hull Moving Average.
- Hull 4 Period: Sets the period for the fourth Hull Moving Average.
- Hull Divisor: Divisor used in the Hull calculation.
- Max Bars: Maximum number of bars to retain data for (0 for unlimited).
The indicator draws four distinct color-coded lines, representing Hull Moving Averages with different periods. The color changes indicate the direction of the moving average (e.g., green for upward, red for downward). This provides a clear visual representation of trend momentum across multiple timeframes simultaneously.
You may also like: Hull Candles Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_plots 4
#property indicator_type1 DRAW_COLOR_LINE
#property indicator_color1 clrGray, clrLime, clrRed
#property indicator_width1 2
#property indicator_label1 "Hull1".......
⚠ 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.