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The Two Hull moving average indicator was created to search for a preliminary price reversal in the near future. Despite the fact that the indicator predicts turning points, its signals are very accurate and are realized without delay, unlike classic moving averages. On the chart, the indicator is displayed in in the form of two moving averages that intersect under certain conditions, after which, at the place of their intersection, a symbol is formed, signaling a recommendation to enter the market. The Two Hull moving average indicator can be used on any convenient timeframe, with any currency pairs.
Input parameters
The Two Hull moving average indicator has fairly advanced settings, consisting of eight parameters related to both moving averages and symbols. Also, in the indicator settings, the visualization of the symbol and the color with the width of the moving averages can be changed.
Hull moving average Fast
- -Averaging Period - the period for calculating the fast moving average. The default value is 20.
- -Divisor ("speed") - the speed of the fast moving average. The default value is 2.
- -Type of price - type of price to which the calculation of the fast moving average will be applied. The default value is Close price.
Hull moving average Slow
- -Averaging Period - the value of the period of the slow moving average. The default value is 10.
- -Divisor ("speed") - the speed at which the slow moving average is divided. The default value is 2.
- -Type of price - type of price to which the calculations of the slow moving average are applied. The default value is Close price
Hull Intersection
- -Arrow code Sell-code of the symbol, or arrow, responsible for the trade opening. The default value is 117.
- -Arrow code SELL (vertical shift in pixels) - vertical deviation of the trading arrow from the chart in pixels. The default value is 10.
Indicator signals
Trading using the Two Hull moving average indicator will be very simple, due to the presence of icons that appear after the intersection of the fast and slow moving averages. Thus, the appearance of a symbol above a certain candle can be regarded as the appearance of a signal.
Signal for Buy trades:
- -The fast moving average crossed the slow one so that the fast one was higher than the slow one.
- -At this moment, a symbol is formed above the signal candle.
After such an intersection of the lines and the appearance of a symbol above the candles, a long position can be opened, which should be closed after the reverse intersection of the lines and the formation of a new symbol, since this can be considered a signal to open a new trade.
Signal for Sell trades:
- -Two moving averages intersect with each other, while the slow one is higher than the fast one.
- - A symbol appears at the place where they intersect.
If a symbol appears after such a crossing of the moving averages, a short position can be opened. It should be closed after a new symbol appears on the chart, that is, after the lines cross again.
Conclusion
The Two Hull moving average trading indicator is very accurate, due to the improvement of the moving averages included in it. Due to the presence of symbols on the price chart, it will be easy to open or close a position in any direction. Before using the indicator in practice, it is recommended to use a demo account.
