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HMA V2 Trend Following Metatrader 4 Indicator

The indicator is called the HMA MT4 indicator. It’s a trend following indicator based on the HMA period with trading filter.

Blue dots indicate bullish pressure while orange dots indicate bearish pressure.

Works on any time frame.

Trading Signals

Buy: Wait for the first lightblue dot to appear.
Sell: Wait for the first orange dot to appear.

Use in conjunction with other indicators/analysis tools.

Download

Download the HMA_v2.mq4 Metatrader 4 indicator

Configurable Indicator Options

Price, HMA_Period, PctFilter, ColorMode, AlertMode,…

USD/JPY 30 Min Chart Example

buy-sell-forex-dots-indicator

How to install the HMA V2 custom indicator in Metatrader 4?

  • Download the HMA_v2.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.