Introduction to the HMA Smoothed Indicator
The HMA Smoothed Indicator is an improved version of the normal Hull Moving Average indicator. That gauge displays buy and sell histogram bars – green HMA bars for buy and orange HMA bars for sell.
The HMA Smoothed Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below 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.
Check charts of the HMA Smoothed Indicator in action.
These are available settings.
How to set up the HMA Smoothed indicator in MetaTrader (MT4)?
Download the HMA Smoothed.rar archive at the bottom of this post, unpack it, then copy and paste the HMA Smoothed.ex4 or HMA Smoothed.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Summary Of That Forex Indicator
The HMA Smoothed 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 MT4 HMA Smoothed Indicator
To download the HMA Smoothed Indicator for Metatrader 4 (MT4) for free just click the button below: