Hull Moving Average Arrows Indicator

Hull Moving Average Arrows Indicator

The Hull Moving Average arrows indicator for MT4 is a trend-following trading tool with buy/sell signal arrows and a support/resistance detector.

Categories: Trend, MT4, Signal,

The Hull Moving Average (HMA) Arrows indicator for MetaTrader 4 is a custom trading tool that follows a trend to identify the direction and then paints a buy/sell signal with a corresponding support/resistance zone. It’s an incredible indicator that would help scalpers, day/intraday, and swing traders to easily find suitable trading opportunities.

Furthermore, the indicator is somewhat similar to the regular moving averages but differs because it almost does not lag. Moreover, it comes with a dynamic line that follows the trend and then changes between a dodger blue (for uptrend) and magenta (for downtrend) once it ascertains the direction of the market. Besides, it also paints a support/resistance line, which may be used as an optimal exit zone.

How to Trade With the Hull Moving Average Arrows Indicator

The above image depicts the action of the indicator on a EURUSD chart in the M15 time frame. It illustrates how price action and the indicator were used as confluence to identify a high-probability trade setup/entry.

The image shows that the price had some rejections from the top (showing a potential reversal sign), which was followed by the indicator’s sell signal. Finally, the price action also printed a supply zone, which also coincides with the indicator’s sell signal for a sell entry.

Conclusion
The Hull Moving Average arrows Indicator for MT4 would pass as an incredible technical trading tool suited for novice/intermediate and advanced traders. However, it is recommended to be used in synergy with price action/other technical trading tools. Finally, it is free to download.