• Overview
  • Reviews (10)
  • Comments (38)

Double HMA MTF for MT4 Light

This is a multi-timeframe version of the popular Hull Moving Average (HMA).


The Double HMA MTF Light indicator combines two timeframes on a single chart. The HMA of the higher timeframe defines the trend, and the HMA of the current timeframe defines short-term price movements.


The indicator is freely distributed and hasn't audio signals or messages. Its main function is the visualization of price movements.

If you need advanced functionality of the HMA multi-timeframe indicator (information about the HMA indicator readings on all timeframes, convenient visual signals of entry points, audio and text messages, send to e-mail and mobile devices), try the Double HMA MTF indicator.

See video for more details: https://youtu.be/vr8Cj8n3LbQ


Parameters

  • Offset of Higher TF relative to Current TF (can be >0 or =0) - shift of the higher timeframe relative to the current one for the HMA indicator. The value can be greater or equal to 0. The 1 value means higher by 1, 2 - higher by 2 etc. For example, if the current period is M5 and you set this parameter to 1, then the indicator will display HMA data from TF M15, and if you set it to 2, in that case the indicator will display HMA data on TF M30.
  • HigherTF HMA period (signals of the trend change) – the HMA period from the higher timeframe (change of HMA color from the higher timeframe is change of trend)
  • CurrentTF HMA period (additional signals to trend continuation) – the HMA period from the current timeframe (change of HMA color from the current TF is change the direction of the current price movement). If this parameter =0 then the signal from the CurrentTF HMA will be disabled.
Reviews 10
cvdestyfx
2246
cvdestyfx 2021.03.18 05:13 
 

Very good!

Martin Brown
315
Martin Brown 2020.09.01 17:07 
 

It is excellent to know the overriding trend (Daily) and have it on the chart to guide your trade decisions. It was the final piece to the puzzle.

EllyMaus
234
EllyMaus 2020.05.29 10:36 
 

Very, very good indicator. THX for this one.

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Daniel Stein
️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long
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Volume Delta Panel
Volume Delta Panel
Chantal Sala
Volume DeltaPanel is a very powerful indicator that read the supply on Market. It calculates the Delta from movement of the price and the difference of BUY volumes and SELL volumes. The Volumes are added to price and normalized to symbol points. Its special structure allows you to get all Time Frames values available on the platform MT4. Panel can show 28 instruments simultaneously all customizable according to the offer of the Broker. A good observation of this instrument can suggest great en
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PipFinite Exit EDGE
PipFinite Exit EDGE
Karlo Wilson Vendiola
Did You Have A Profitable Trade But Suddenly Reversed? In a solid strategy, exiting a trade is equally important as entering. Exit EDGE helps maximize your current trade profit and avoid turning winning trades to losers. Never Miss An Exit Signal Again Monitor all pairs and timeframes in just 1 chart www.mql5.com/en/blogs/post/726558 How To Trade You can close your open trades as soon as you receive a signal Close your Buy orders if you receive an Exit Buy Signal. Close your Sell orde
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Pytrader mt4 Python
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Offpista LTD
Documentation for connecting Metatrader 4 with Python with a simple drag and drop EA.   A full end-to-end solution ,fully tested ,fast and efficient! The Pytrader ecosystem consists of a python script and a MT4 EA. (  MT5  version ) Further for the licensing an indicator is used.  The communication between the python script and the EA is based on sockets. EA is the  Server   and the python script the  Client .  It is always query(function / python script) and output(data / server). The
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This indicator searches for candlestick patterns. Its operation principle is based on Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris. If a pattern is detected, the indicator displays a message at a bar closure. This indicator is a complete analog of the Candle Pattern Finder demo indicator for MetaTrader 4 It recognizes the following patterns: Bullish/Bearish (possible settings in brackets) : Hammer / Shooting Star (with or without confirm
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Demo version of the HMA Trend Professional indicator. The main feature of the "HMA Trend Professional" indicator is the ability to predict the trend reversal with high probability. The trend reversal forecast is based on the statistical analysis of history data. The indicator plots statistical diagrams which can be used by traders to see the current phase of the market (impulse or correction, the beginning, middle or end of the movement) and evaluate the probability of a reversal. See the main p
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Candle Pattern Finder demo
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Pavel Zamoshnikov
The indicator automatically builds Support/Resistance levels (Zones) from different timeframes on one chart Support-resistance levels are horizontal lines. As a rule, the market does not respond to a specific price level, but to a price range around the level, because demand and supply of market participants are not formed clearly on the line, but are “spread out” at a certain distance from the level This indicator determines and draws precisely such a price range within which strong positi
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The indicator determines trend/flat status of the market using Bollinger Bands. Bollinger Bands diverge when the market moves sharply and converge when there is flat. The indicator uses this peculiarity. When the market is calm and distance between Bollinger Bands is less than some value, the indicator shows flat (gray histogram by default). When the market starts moving and divergence of Bollinger Bands exceeds this value, the indicator determines direction of the movement and shows an up trend
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Trend Monitor MT5 demo
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Pavel Zamoshnikov
The indicator generates early signals basing on ADX reading data combined with elements of price patterns. Works on all symbols and timeframes. The indicator does not redraw its signals. You see the same things on history and in real time. For better visual perception signals are displayed as arrows (in order not to overload the chart). The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4 Features The best results are obtained when the indicator works on two ti
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cvdestyfx
2246
cvdestyfx 2021.03.18 05:13 
 

Very good!

Martin Brown
315
Martin Brown 2020.09.01 17:07 
 

It is excellent to know the overriding trend (Daily) and have it on the chart to guide your trade decisions. It was the final piece to the puzzle.

EllyMaus
234
EllyMaus 2020.05.29 10:36 
 

Very, very good indicator. THX for this one.

Natasha Diedericks
4519
Natasha Diedericks 2019.10.12 17:29 
 

I can't trade without it. Great indicator!

Update: Still awesome!

philippe germain
2458
philippe germain 2019.07.18 15:38 
 

Good job.

Pavel Khan
137
Pavel Khan 2019.07.25 20:55 
 

Very good indicator, but somehow it's slows down mt4(

rakyan
541
rakyan 2019.06.26 09:13 
 

Thank you. I like it

Sutatong
112
Sutatong 2019.03.16 18:39 
 

I like it very much. Thank you Pavel Zamoshnikov.

John Adams
47
John Adams 2019.03.08 05:01 
 

An invaluable indicator for trading with the trend!

sunnychow
8698
sunnychow 2019.01.11 16:08 
 

Thanks for share

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