Introduction to the Bollinger Bands Stops HMA Based Indicator
The Bollinger Bands Stops HMA Based Indicator displays trend-defining bands placed either below the price or above the price. As the name suggests, that indicator uses Hull Moving Average (HMA) and Bollinger Bands Stops to calculate the signals. When the blue band below the price is placed, it means that the trend-momentum is considered bullish. Conversely, the orange band placed above the price, it is a sign of a bearish trend-momentum.
The Bollinger Bands Stops HMA Based Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Bollinger Bands Stops HMA Based indicator in MetaTrader (MT5)?
Download the Bollinger Bands Stops HMA Based.rar archive at the bottom of this post, unpack it, then copy and paste the Bollinger Bands Stops HMA Based.ex5 or Bollinger Bands Stops HMA Based.mq5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Bollinger Bands Stops HMA Based indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT5 Bollinger Bands Stops HMA Based Indicator
To download the Bollinger Bands Stops HMA Based Indicator for Metatrader 5 (MT5) for free just click the button below: