4 Time Frame Hull Trend Indicator
Platform: MT4 Type: Trend Last update: August 3, 2024The 4 Time Frame Hull Trend indicator for MT4 is essentially a trend-following forex indicator based on the Hull Moving Average indicator.
That gauge makes a trend analysis of four timeframes: H4, D1, W1, and MN and displays green and pink bars according to the recognized trend momentum.
A trading signal occurs when all bars agree in the direction, in other words, when bars of all timeframes are the same color at the same time.
How does it work? How to apply in trading?
Signals provided by the 4 Time Frame Hull Trend Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Look for long trade opportunities when the 4 Time Frame Hull Trend indicator bars are all aligned up (green color). Place your stop loss a few pips below the last swing low.
Sell Entry: Look for short trade opportunities when the 4 Time Frame Hull Trend indicator bars are all aligned down (pink color). Place your stop loss a few pips above the swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
Example of EUR/USD H1 Chart
This screenshot below shows an example of the 4 Time Frame Hull Trend Indicator in action.