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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 the HAMA.mq4 indicator.

    Configurable Indicator Options


    USD/JPY 30 Min Chart Example


    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.