Hull master MA trend signal trading indicator for MT4

The Hull master MA indicator is a trading algorithm based on a modification of the standard moving average. Its calculations are aimed at determining the direction of the current trend and opening trades during this period. The indicator is displayed directly on the price chart in the form of a line, which, when the current trend is determined, is painted in a certain color and moves in a certain direction. These indicator factors are the main ones in the formation of the indicator signal, since they determine the direction of the current market movement.

The Hull master MA indicator is suitable for use on any timeframe, with any currency pair.

Input parameters

The Hull master MA indicator settings consist of an extended list of input parameters, which in turn affect the overall operation of the indicator: technical calculations, visualization and signal notifications. The Colors section is used to change the color gamut and thickness of the indicator values.

• Timeframe - parameter responsible for the type of timeframe used. By default, it has the Current time frame value.

• HMAperiod - period of the moving average of the indicator. The default value is 89.

• HMAprice - type of price to which the indicator calculations are applied. The default value is 0.

• HMAspeed - the speed of the current calculations. The default value is 2.0.

• LinesVisible - parameter responsible for the presence of lines on the chart. The default value is true.

• LinesNumber - number of indicator lines. The default value is 5.

• ColorUp - parameter responsible for the color of the lines with the growth value. The default value is Blue.

• ColorDown - line color with fall value. Black by default.

• Unique ID - identification of the indicator lines. By default, it has the value HullLines1.

• alertsOn - the parameter responsible for the presence of notifications during the signal. The default value is false.

• alertsOnCurrent - notification parameter on the current candle. By default, it is set to true.

• alertsMessage - option to notify in the form of a message in the main chart window. The default value is true.

• alertsSound - option to sound notification when an alert is received. The default value is false.

• alertsEmail - option to receive an alert to the previously specified email. The default value is false.

Indicator signals

The Hull master MA indicator has a very clear and convenient visualization, which in turn creates simple trading conditions. To open a certain trade, it should be determined the direction of the current trend, for this it should be taken into account the color and direction of the indicator line. If the indicator determines an uptrend, long positions are opened, if the trend is downward, short positions. At the same time, trades are opened when a signal is received that confirms the current trend. In both cases, trades are closed during a change in the direction of the current trend.

Signal for Buy trades:

• The indicator line is colored with the value of the fall and moves up. The signal candlestick closes above the line.

Upon receipt of such conditions, a buy trade can be opened on the signal candle due to the presence of an uptrend. Such a trade should be closed upon receipt of the opposite conditions from the indicator, namely, when the color and direction of the line change. At this moment, the current trend may change, which in turn will allow considering the opening of new trades.

Signal for Sell trades:

• The moving average of the indicator goes from top to bottom and has a color with a falling value. The signal candle should close below the moving average.

Upon receipt of such a combination of conditions, a sell trade can be opened on a candlestick confirmed by the indicator signal. At this moment, the presence of a downtrend is determined in the market. The trade should be closed at the moment the current trend changes, that is, upon receipt of reverse conditions from the indicator. At this point, it should be considered opening new trades.

Conclusion

The Hull master MA indicator is very effective, as it is based on the calculations of the time-tested indicator. Its calculations are very accurate and understandable, thanks to the presence of signals, which in turn is great for beginners. To gain the necessary trading skills and use the indicator correctly, preliminary practice on a demo account is recommended.

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