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Hull moving average (ema based) – indicator for MetaTrader 4

Table of Contents

Original Hull moving average is calculated using LWMA (Linear Weighted Moving Average). But sometimes that way of calculation tends to overshoot 

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Possible solution for that is to use some other average method to calculate Hull

This version :

  • is using EMA (Exponential Moving Average) for calculation and it seems to be helping in the overshooting while keeping the signals at almost the same positions. 
  • is having the additional “speed” parameter (which can be helpful for further filtering out signals without changing the Hull period)

Recommended usage :

  • You can use color changes as signals for trend change

MT4 Indicators – Download Instructions

[post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

[post-title] provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install [post-title].mq4?

  • Download [post-title].mq4
  • Copy [post-title].mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on [post-title].mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator [post-title].mq4 is available on your Chart

How to remove [post-title].mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete


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