Discussing the article: "Building a Hull Moving Average Momentum Oscillator in MQL5"
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Check out the new article: Building a Hull Moving Average Momentum Oscillator in MQL5.
This article builds a Hull Moving Average Momentum indicator in MQL5 by combining raw price momentum with Hull MA smoothing. We compute momentum as the close-to-close difference over a user-defined length, form 2×Fast WMA − Slow WMA, then apply a final WMA with a square‑root period. The implementation covers inputs, buffers, warm-up/recalculation, and visualization with a color-coded line and zero-line filling, helping interpret positive/negative momentum without treating zero crossings as signals.
Momentum indicators are widely used to evaluate the strength and direction of price movements, but raw momentum values often contain short-term fluctuations that can make changes in momentum difficult to interpret. This article demonstrates how to build a Hull Moving Average Momentum Indicator in MQL5 by combining a traditional momentum calculation with Hull Moving Average smoothing to produce a more responsive and smoother oscillator.
The indicator can help track momentum behavior and reduce short-term fluctuations in the momentum series. It can also provide directional information for discretionary analysis or as part of a broader trading strategy. To achieve this, we will calculate the momentum series and smooth it with the Hull Moving Average. We will then visualize the result with a color-coded oscillator and zero-line filling and implement the indicator step by step in MQL5. We will also discuss behavior around the zero line and limitations in flat market conditions.
Author: ALGOYIN LTD