HMA Mega Trend Arrows Indicator
Platform: MT4 Type: Scalping Last update: September 23, 2024The HMA Mega Trend Arrows Indicator is based on Hull Moving Average (HMA) indicator but displays simple buy/sell arrows. These signals should be confirmed with an additional filter or you can add the indicator to a forex strategy. The arrows can work as entry points, but only in the direction of the overall trend.
Example trade with the HMA Mega Trend Arrows Indicator
Below is the screenshot of an example trade with the HMA Mega Trend Arrows Indicator.
In the example above, we paired the HMA Mega Trend Arrows Indicator with 100-period Exponential Moving Average that defines a general market trend. The price is above the EMA so the trend is considered bullish, and one should look for long trades only. We took the trade at buy arrow and then the price indeed raised significantly. The profit was taken at the arrival of the opposite arrow.
