Hull Parabolic 2 Extraordinaire Indicator

Hull Parabolic 2 Extraordinaire Indicator

Hull Parabolic 2 Extraordinaire Indicator For MT4 uses the Hull moving average and Parabolic SAR indicator to provide buy and sell forex trading signals

The Hull Parabolic 2 extraordinaire indicator for MT4 provides forex trading signals based on the Hull Moving average and the Parabolic SAR points. As a result, the indicator provides trend based trading signals.

The indicator is useful for new and advanced forex traders and works on all intraday price charts as well as the daily, weekly and monthly price charts. However, the trading signals are based on trend following and works well in time frames higher than M30.

Hull Parabolic 2 Extraordinaire Indicator For MT4 Trading Signals

The indicator plots a multicolored line with Green and Violet. Since, Hull moving averages are very reactive to price changes the indicator line reflects the price changes and hugs the price very closely. The trading strategy is based on the color changes of the indicator line.

The line change to green indicates the beginning of a bullish market. In this case, traders should consider entering the markets with a buy trade and place a stop loss below the previous swing low. As the indicator is trend following indicator, it is obvious to follow the trade till an opposite trading signal. On the other hand, if the indicator changes to violet traders should place a sell position.

Another trading strategy is to look for price trends in a higher time frame chart and enter the markets in a lower price chart. This enables the trader stay in the higher time frame trend and enters in the best possible price.

Conclusion
In summary, the Hull parabolic 2 extraordinaire indicator for MT4 combines the HMA – Hull moving average and the Parabolic SAR. It is an essential trading tool for forex trend traders.