Smoothed Hull Moving Average Forex Indicator

The oT_S_Ra-Signal_Line indicator for MetaTrader4 and was initially created by Allan Hull. The oT_S_Ra-Signal_Line indicator is essentially the Hull Moving Average or the HMA and it is used in spotting current market trend.

The curve of the oT_S_Ra-Signal_Line indicator is significantly smoother. The oT_S_Ra-Signal_Line is built to follow the price activity much closer. Traders use this indicator for long- and medium- term trading.

Usually, when more days are added to moving averages they tend to get more lag, and the oT_S_Ra-Signal_Line indicator was able to resolve this by adding more weight to the moving average.

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Download the “oT_S_Ra-Signal_Line.ex4” MT4 indicator

Example Chart

allan-hull-hma-forex-indicator

The oT_S_Ra-Signal_Line indicator can be deplored just like the Aroon and ADX indicator, in a manner that allows it spot dominant trend. When the curve of the oT_S_Ra-Signal_Line is surging, the dominant trend is surging as well, while when the curve of the oT_S_Ra-Signal_Line is dipping, the dominant trend is also dropping as well.

There’s also a color notification that alerts traders to buy when the line changes to line and sell when the line changes to red.

The man behind this indicator advises the oT_S_Ra-Signal_Line crossings should be avoided.

The ability for the oT_S_Ra-Signal_Line indicator to overshoot current prices can also be perceived as a weakness, something traders needs to be wary of. In respect to its timely nature, the oT_S_Ra-Signal_Line indicator is very resources when spotting turning points designated for entries and exit.

The equation for the Hull moving average is shown below:

Integer (Square Root (Period)) WMA [2 x Integer (Period/2) WMA (Price) – Period WMA (Price)]

Download

Download the “oT_S_Ra-Signal_Line.ex4” MT4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Variable (period, method, price), Colors, width & Style.

Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend, momentum

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