Hama Metatrader 4 Indicator

This indicator is called the HAMA indicator. It draws blue and red bars directly on the forex price chart. A series of blue bars represent bullish pressure (up trending), while a series of red bars represent bearish pressure (down trending). The indicator can be used on any currency pair and time frame.

Trading Signals

Buy: Wait for the first blue bar to appear.
Sell: Wait for the first red bar to appear.

Download

Download the HAMA_ Metatrader 4 indicator.

Configurable Indicator Options

Colors

USD/JPY 30 Min Chart Example