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Double HMA MTF for MT4

4.2

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

Features

  1. Graphical panel with HMA indicator data from all timeframes at the same time. If the HMA has switched its direction on any timeframe, a question mark or exclamation mark is displayed on the panel, accompanied by a text and audio message. The messages can be configured separately for each timeframe using the corresponding checkboxes.

  2. The indicator is located in a separate window, so as not to overload the main chart window. It combines HMA data from two timeframes on the same chart: the current TF and the higher TF, which is set in the parameters. The HMA of the higher timeframe determines the trend, and the HMA of the current timeframe determines the current short-term movements.

  3. The indicator splits signals of the higher TF on Possible and Final signals.
    • The possible signal is generated when the HMA color is switched and when the bar of the higher TF is not closed yet. The possible signal is displayed on the graphic panel with a question mark.
      It is risky to open a deal on this signal, because it can be canceled if the HMA color is restored before closing the higher TF bar. However, the possible signal allows you to open a trade at the best price.
      The possible signal can be switched off.
    • The final signal is generated by switching the color of the HMA of the higher TF and the bar of the higher TF has already closed. This signal is never redrawn.
      The final signal is displayed on the graphic panel with an exclamation mark.

  4. The signal arrows can be displayed both in the subwindow and in the main window. Information about the signal is displayed in the message box and duplicated by sound. It also supports sending email and push messages to mobile devices.

For easy visualization of the indicator’s job, use the free Double HMA MTF Light indicator, which displays HMA data from the current TF and the higher TF in the main window of the chart.


How to use

Watch a video describing the operation of the indicator and recording of trades in real time.


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. This is the main signal to open a trade)
  • 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. This is additional signals). If this parameter =0 then the signal from the CurrentTF HMA will be disabled.
  • Enable the possible signal from HigherTF HMA
  • Enable the possible signal from CurrentTF HMA
  • Enable the possible signal from HMA on other TF – possible signals on the graphic panel from HMA of other TF
  • Arrows of signals in main window – enable signal arrows in the main window/li>
  • Color of UP/DOWN trend signal - signal arrow buy/sell colors
  • Show legend – show the description of the indicator in the subwindow
  • Color of legend – color of the description
  • Show the current bar of the Higher TF in a different color - highlight an unclosed bar of a Higher TimeFrame with a different color

----- Messages/Sounds ----- (Notifications and sound settings):

  • ON/OFF - Sound enable - enable/disable sound alerts
  • ON/OFF - Alert - enable/disable messages in the terminal when signals occur
  • ON/OFF - Mail - enable/disable sending emails
  • ON/OFF - Push - enable/disable sending push notifications to mobile devices.
  • Next are the names of the audio files for the possible and final signals
Reviews 5
saroq
199
saroq 2022.10.12 16:19 
 

I like this indicator a lot. Trading with the dominant trend gives reliable signals to enter the market. Adding the Double HMA Light really helps with the visualization of the higher time frame which helps keep you on the right side of the trade. I have been using it for a few days and have been very successful in my trades.

Vladimir Shramchenko
286
Vladimir Shramchenko 2021.01.15 10:21 
 

Только купил, но при тесте на центовике вроде показывает неплохой результат. Буду дальше смотреть. Хочу его использовать в связке с чем нибудь еще для создания ТС. Спасибо за Вашу работу.

340591
23
340591 2020.08.20 14:11 
 

Very intuitive and like the fact that higher TF (typically a "stronger" signal) is displayed on current TF. Very functional. I started with the free version and appreciate the developer offering this. First 2 trades were a +100 pip day! 5 stars.

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Market Calculator is a powerful tool that allows you to easily and quickly calculate the main parameters of a trade: Lot size, StopLoss and TakeProfit, as well as estimate the amount of funds (required Margin) to open a position. The program has a very convenient and intuitive control, because implemented in OS Windows style. There are many interesting and handy features - just watch the video: youtu.be/FG2qqTJTIhE All program data are sorted into sections in the form of tabs: " Lot Calculator "
Trend Monitor MT5
Pavel Zamoshnikov
3.67 (3)
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). Features The best results are obtained when the indicator works on two timeframes. For example: M30 – the indicator shows the main trend; M5 – the indicator ge
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saroq
199
saroq 2022.10.12 16:19 
 

I like this indicator a lot. Trading with the dominant trend gives reliable signals to enter the market. Adding the Double HMA Light really helps with the visualization of the higher time frame which helps keep you on the right side of the trade. I have been using it for a few days and have been very successful in my trades.

Pavel Zamoshnikov
137983
Reply from developer Pavel Zamoshnikov 2022.10.12 16:44
Thank you! I am glad that my programs are useful.
Vladimir Shramchenko
286
Vladimir Shramchenko 2021.01.15 10:21 
 

Только купил, но при тесте на центовике вроде показывает неплохой результат. Буду дальше смотреть. Хочу его использовать в связке с чем нибудь еще для создания ТС. Спасибо за Вашу работу.

Pavel Zamoshnikov
137983
Reply from developer Pavel Zamoshnikov 2021.04.13 15:06
Благодарю Вас за отзыв!
340591
23
340591 2020.08.20 14:11 
 

Very intuitive and like the fact that higher TF (typically a "stronger" signal) is displayed on current TF. Very functional. I started with the free version and appreciate the developer offering this. First 2 trades were a +100 pip day! 5 stars.

Mikhail Ivantsov
251
Mikhail Ivantsov 2020.05.20 12:23 
 

Очень полезный индикатор, фактически готовая торговая система. Пожелание только одно, можно ли дополнить чтобы на формирующихся свечах, хал отображался другого цвета.

Ibrahim Ogretmen
1251
Ibrahim Ogretmen 2019.09.18 10:39 
 

Useless

Reply to review
Version 1.4 2020.05.28
For the convenience of traders, the unclosed bar of the higher timeframe is highlighted in a different color.
Configured by the "Show the current bar of the Higher TF in a different color" parameter.
Version 1.3 2019.01.24
Fixed a bug that did not change the color of the HMA on the multi-timeframe graphics panel.