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Thushara Dissanayake  

The Hull Moving Average (HMA) can be used in trading for various purposes:

  • Identify Trends: The HMA's smoothing properties and responsiveness to price changes make it useful for trend identification. An upward-sloping HMA indicates a bullish trend, while a downward-sloping HMA suggests a bearish trend. The position of the HMA relative to the price provides additional information about the trend.

  • Spot Trend Reversals: The HMA moving above or below the price can signal potential trend reversals. If the HMA moves above the price after an uptrend, it may indicate a bearish trend reversal. Conversely, if the HMA moves below the price, it may signal a bullish trend reversal. It's important to use the HMA alongside other indicators for confirmation.

  • Support and Resistance: The HMA can act as dynamic support and resistance levels. When the price is above the HMA, it may act as a support level, while when the price is below the HMA, it could act as a resistance level. Traders can use these levels to set stop-loss orders or take-profit targets.



Hull Moving Average crossover strategy

The Hull Moving Average (HMA) crossover strategy involves using two different HMA timeframes, a shorter period and a longer period, to generate trading signals. When the shorter period HMA crosses above the longer period HMA, it indicates a potential bullish trend, while a crossover below suggests a possible bearish trend.



Advantages of choosing HMA as your trading indicator

  • Responsiveness: The Hull Moving Average is highly responsive to price changes, allowing traders to quickly identify potential trend shifts and market reversals.
  • Smoothness: Despite its responsiveness, the HMA indicator maintains a smooth curve, reducing market noise and minimizing false signals.
  • Versatility: The HMA indicator can be applied to various timeframes, markets, and trading styles, making it suitable for diverse trading objectives.
  • Trend Identification: HMA's smoothing properties make it effective in identifying trends and their potential strength.
  • Trend Reversals: HMA can be useful in spotting trend reversals, providing early signals of potential changes in market direction.
  • Support and Resistance: The HMA can serve as dynamic support and resistance levels, adapting to changes in price action and aiding in setting stop-loss and take-profit levels.
  • Easy Interpretation: HMA's simplicity makes it easy to interpret and integrate into existing trading strategies.
  • Compatible with Other Indicators: HMA can be effectively combined with other technical analysis tools and indicators for confirmation and enhanced trading signals.
  • Popular Strategy: The HMA crossover strategy, using two different HMA timeframes, is a widely adopted and proven trading approach.
Thushara Dissanayake  

v1.0 Features

  • Advanced multisymbol and multitimeframe indicator for MT4.
  • Incorporates the powerful Hull Moving Average (HMA) for accurate trend analysis.
  • Provides fast and reliable alerts for potential trading opportunities.
  • User-friendly interface with customizable parameters for personalized trading strategies.
  • Supports scanning and analysis of multiple currency pairs and timeframes simultaneously.
  • Comprehensive dashboard offering a clear overview of trading opportunities.
  • Interactive button interface for easy access and efficient chart analysis.
  • Automatic chart opening feature for seamless analysis of multiple charts.
  • Comprehensive alert system with pop-up, mobile, email, and sound notifications.
  • Enhances trading decisions by providing reliable trend signals and entry/exit points.


v1.0 Parameters

  • Mode
    • Scanner mode - Scanner mode (choose between Scanning and Single Line Drawing)
  • HULL Moving Average Parameters
    • Fast HMA period - Period for fast Hull Moving Average calculation
    • Fast method - Method used for fast Hull Moving Average calculation
    • Fast price - Price used for fast Hull Moving Average calculation
    • Slow HMA period - Period for slow Hull Moving Average calculation
    • Slow method - Method used for slow Hull Moving Average calculation
    • Slow price - Price used for slow Hull Moving Average calculation
    • Symbols - Symbol list
    • Timeframes - Timeframe list
  • Alert Filters 
    • Open new chart activated - Activate automatic opening of a new chart.
    • Pop-up alert activated - Pop-up alerts enabled.
    • Mobile alert activated - Mobile alerts enabled.
    • Email alert activated - Email alerts enabled.
    • Sound alert activated - Sound alerts enabled.
    • Bullish signal message - Custom message for bullish signals.
    • Bearish signal message - Custom message for bearish signals.
  • Graphic Parameters
    • Bullish button color - Color for bullish signal buttons.
    • Bearish button color - Color for bearish signal buttons.
    • Button state color - Color for button state (checked/unchecked).
    • Button font color - Color for button font.
    • Button font - Font style for buttons.
    • Button font size - Font size for buttons.  
    • Button distance from top - Vertical distance of buttons from the top.
    • Button distance from left - Horizontal distance of buttons from the left.  
    • Button per column [0 = max] - Maximum number of buttons per column (0 for unlimited).
    • Blank chart for dashboard - Display a blank chart in the dashboard.  
    • Clear the dashboard within [x] minutes - Clear the dashboard after a specified time period.