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

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

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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