Introduction to the Super Trend Hull Indicator
The Super Trend Hull indicator is, as the name suggests, a custom forex indicator that compounds Super Trend and Hull indicators.
That gauge incorporates the ATR within its algorithm formula as a means of modifying its signal mode.
The signals provided by the Super Trend Hull indicator are good and accurate enough to be used as a standalone trading tool. Most importantly, it is no repaint forex indicator.
The indicator is displayed directly on the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default indicator 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
Signals provided by the Super Trend Hull Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Super Trend Hull indicator signal line turns lime green. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Super Trend Hull indicator line turns pale violet red. Place your stop loss a few pips below the last swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
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.
Example of GPB/USD H1 Chart
This screenshot below shows an example of the Super Trend Hull Indicator in action.
How to set up the Super Trend Hull indicator in MT5?
Copy and paste the super_trend_hull.mq5 or super_trend_hull.ex5 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 Super Trend Hull 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.
Super Trend Hull Indicator Free Download
To download the Super Trend Hull Indicator for Metatrader 5 (MT5) for free just click the button below: