Vinin HMA Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the Vinin HMA Indicator

The Vinin HMA Indicator is based on the Hull Moving Average (HMA) and works in a very similar manner to the standard Moving Average indicator, but it is smoother, less noisy, and most importantly, gives easy-to-read signals. The line of the Vinin HMA Indicator can be colorized to red, green, and yellow. Obviously, green line indicates a bullish trend-momentum, red reflects a bearish trend-momentum, and yellow is a sign of market indecision.

The Vinin HMA Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on 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.

Example trade with the Vinin HMA Indicator

Below is the screenshot of an example trade with the Vinin HMA Indicator.

As you can see the color of the Vinin HMA indicator switched from red to green. Then, an upward impulse took place. There was also a very clear moment to close the trade.

How to set up the Vinin HMA indicator in MetaTrader (MT4)?

Installation Guide

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