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
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.