MegaTrend HMA Indicator

MegaTrend HMA Indicator

MegaTrend HMA Indicator for MT4 uses Hull moving average to identify bullish and bearish trend direction and provides forex buy and sell trading signals.

The MegaTrend indicator for MT4 uses the Hull Moving average to identify the trend reversals and provides buy and sell forex trading signals. Additionally, the indicator is able to display up and down arrows based on the signals. As a result, forex traders can enter and exit the market upon trend reversals.

The indicator is simple to identify and trade them accordingly. So, new and advanced forex traders can trade it with ease. Moreover, the indicator works well in all chart time frames. Like all trend following indicators the MegaTrend HMA indicator provides much profitable trading signal in higher time frames.

MegaTrend HMA Indicator For MT4 Trading Signals

The above AUDUSD H1 candlestick price chart shows the MegaTrend HMA indicator for MT4 in action. Additionally, traders can enable the display of the HMA and the arrow signals if necessary in the separate indicator window.

As the name suggests the indicator uses Hull moving average to identify the bullish and bearish trends. If the Hull moving average turns red and a magenta arrow appears it indicates bearish price trend. So, traders can enter the market with a sell position with a stop loss above the previous swing high.

Similarly, if the indicator line turns green and a white up arrow appears, it indicates a bullish trading signal. In this case, forex traders should place a buy trade with a stop loss below the previous swing low.

Conclusion
In summary, the MegaTrend indicator for MT4 provides best bullish and bearish forex trading signals for Hull moving average enthusiasts.