HMA Trend Indicator

MT4 Free Download

Introduction to the HMA Trend Indicator

The HMA Trend Indicator is, as the name suggests, a trend forex indicator based on the Hull Moving Average with two periods. A combination of two types of Hull Moving Averages makes better use of these advantages: HMA with a slow period identifies the trend, while HMA with a fast period determines the short-term movements and signals in the trend direction. When both of these tools agree at the same time, an arrow appears on the main forex activity chart showing the triggered trading signal.

The HMA Trend 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.

How does it work? How to apply in trading?

Trading Rules Explanation

As we mentioned earlier, the HMA Trend Indicator consists of three elements: Fast HMA, Slow HMA, and signal arrows. Behind the scenes, a signal is triggered on the event of HMAs crossover. If you want less noisy but more reliable signals, go to the settings of the indicator and change the option the frequency of signals in the trend direction to rare signals.

Buy Signal

Follow these steps for a long trade:

The HMA Trend upward arrow appears on the chart
Both Slow HMA and Fast HMA bars are blue
Price swings higher from recent low swing
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the last low point of the market
Take profit or exit trade whenever the HMA Trend provides opposite signal or use your own preffered method of trade exit

HMA Trend Indicator Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

The HMA Trend downward arrow appears on the chart
Both Slow HMA and Fast HMA bars are red
Price swings lower from recent high swing
Sell trade is triggered after the above conditions are met
Set stop loss a few pips above the last high point of the market
Take profit or exit trade whenever the HMA Trend provides opposite signal or use your own preffered method of trade exit

HMA Trend Indicator Example of Sell Trade

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the HMA Trend indicator in MT4?

Installation Guide

Download the HMA Trend.rar archive at the bottom of this post, unpack it, then copy and paste the HMA Trend.ex4 or HMA Trend.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.

Bottom Line

The HMA Trend indicator is well worth adding to your trading collection but 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.