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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.mq4 indicator.

Configurable Indicator Options

Colors

USD/JPY 30 Min Chart Example

hama-forex-indicator

How to install the Hama custom indicator in Metatrader 4?

  • Download the HAMA.mq4 indicator to your computer.
  • Open your Metatrader 4 platform.
  • Open the data folder from the top menu.
  • Open the MQL4 folder.
  • Open the indicators folder.
  • Paste the indicator file in this folder.
  • Restart the trading platform.
  • Open any trading chart.
  • Attach the indicator to the chart.