Introduction to the Hull Style ATR Indicator
The Hull Style ATR indicator is a combination of the Hull Moving Average and the Average True Range.
It is a basically a simple crossover trading tool – it consists of green and purple line displayed in a window placed just below the main chart.
The Hull Style ATR should be used with conjuction of a trend-following gauge, i.e. high-period Exponential Moving Average. Ignore counter-trade signals.
It fits all kinds of timeframes and currency pairs.
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.
Simplified trading rules for Hull Style ATR are the following:
- Open buy trade when there is an uptrend and green line crosses above purple line. Set you stopp loss a few pips below last swing low. Close your trade when the opposite signal occurs.
- Open sell trade when there is an downtrend and green line crosses below purple line. Set you stopp loss a few pips above last swing high. Close your trade when the opposite signal occurs.
How to set up the Hull Style ATR indicator in MT4?
Copy and paste the hull-style-atr-indicator.ex4 or hull-style-atr-indicator.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.
The Hull Style ATR 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, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Hull Style ATR Indicator Free Download
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