The Hull Moving Average (HMA) is a popular and useful forex indicator that can be used on the MT4 trading platform. It is a type of moving average that is designed to reduce lag and improve responsiveness to price movements. The HMA accomplishes this by using weighted averages which more accurately track price changes. Traders use the HMA to identify trends and potential entry and exit points for trades. When the HMA line is moving upwards, it indicates an uptrend, while a downward sloping line signifies a downtrend. Traders can also use the HMA to identify potential reversals in the market. The HMA is a free indicator that is easy to use and can be customized to suit individual trading styles. It is a valuable tool for forex traders looking to make informed trading decisions based on price action.
MT4
Hull Moving Average Hma
Hull Moving Average (HMA) is a useful forex indicator available for free on MetaTrader 4 (MT4). It is popular among traders for its unique approach to smoothing price data. The HMA dynamically adjusts its speed based on market conditions, providing a more accurate representation of price trends. Traders can use the HMA to identify trends and potential entry/exit points in the forex market.
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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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