Moving average lines (MA) are a very versatile indicator and widely used by traders in all markets. The Hull Moving Average (HMA) is an improvement of the standard moving average indicator which provides several advantages.
The Hull Moving Average is an indicator developed by Alan Hull and is characterized by very little lag in the generated signals. In this article, we introduce such a Hull MA indicator for MT4.
As you can see from the image, HMA is a moving average with very little lag. In other words, it is highly sensitive to price changes.
For this reason, it is especially recommended for people who want to catch a trend as soon as possible. On the other hand, it can also produce a large number of fake signals, which is its downside of course. If you want to reduce such fake signals, we recommend that you combine the HMA with other indicators.
How to use:
Basically, HMA can be used like a standard moving average. It is also a good idea to build a crossover system that is based on several HMAs.
It is also recommended to combine it with normal MAs. You can search for entry timing in combination with a simple moving average (SMA) as shown in the image above. This makes it possible to make up for the “unstableness” of the HMA while taking advantage of its high “sensitivity” to price changes.
In addition, it is also recommended to place orders when the slope of the HMA changes. This is another very popular way to use the HMA indicator and you can trade with one HMA in this case.
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