The Hull Moving Average (HMA) indicator is a popular and useful forex indicator for MT4 traders. It is known for its ability to effectively filter out market noise, providing traders with a more accurate representation of price trends. The HMA is calculated using a weighted moving average formula, making it smoother than traditional moving averages. Traders can use the HMA indicator in several ways, including as a trend-following tool or to identify potential reversal points. When used in conjunction with other technical analysis tools, the HMA can help traders make better-informed trading decisions. Additionally, the HMA indicator is free to download and use, making it accessible to all forex traders. Overall, the HMA indicator is a valuable tool for forex traders looking to improve their trading strategies and make more informed decisions in the market.
MT4
HMA Indicator
The HMA Indicator is a popular and useful forex indicator for MT4 that is available for free. It calculates the Hull Moving Average to provide a smoother trend-following indicator. Traders can use it to identify trends and potential reversal points in the market. To use the HMA Indicator, simply add it to your chart and interpret the signals it generates.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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