Advanced Multi-time frame version of the Hull Moving Average (HMA).

• The pre-signal is generated when the HMA color is switched when the bar is not yet closed. The preliminary signal is displayed by a transparent arrow on the indicator line and a question mark on the graphical panel. It is risky to open a trade on this signal, because it can be canceled if the HMA color is restored before the bar closes. However, the preliminary signal allows you to open a deal at the best price. The pre-alarm can be turned off.
• The final signal is generated when the HMA color is switched and the bar has already closed. This signal is never redrawn again. The final signal is indicated by a bold arrow on the indicator line and an exclamation mark on the graphical panel.

Similar indicators for MetaTrader 4:

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“Double HMA MTF for MT4” – the paid version with full functionality

and “Double HMA MTF for MT4 Light“is a free simplified version

See the video for more information about using the indicator

The main idea behind the indicator:
The Moving Hala line with a period of 10-12 almost without delay repeats the price movement, while smoothing out the noise well.
Install the HMA(12) indicator on any instrument and any timeframe and you will see how well this indicator line describes the current movement!

The indicator draws two HMA lines on the chart – the current and the higher timeframes. IA(12) current TF gives the current price movement (you can say that it is the wave of the current TF), IA(12) older TF – shows the trend (i.e., the wave is the older TF).

1. Open a trade when the final signal arrow appears on the HMA line of the senior TF.
2. You can open an additional trade at the 1st signal of the current TF in the direction of the higher TF, if this entry point is at a better price.
3. Set the StopLoss to the highest point.
4. Look for the profit-taking level when the HMA of a higher TF will pass and make 4-6 bars in this direction, or move the StopLoss under the nearest fractal.
You can take profits at support/resistance levels, “round” levels, and Fibonacci levels.

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