Hull Moving Average (HMA)
Free Indicator Download for MetaTrader4
Hull Moving Average for MT4
The Hull Moving Average is unique in that it is smoothed but also the most non-lagging of all moving averages. Add this indicator to your arsenal now.
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HMA Indicator Details
The HMA indicator was developed as an effective price filter. It includes standard functions of most moving averages; it influences the price as support/resistance and market entry decision-making on the basis of the angle of the curves inclination. But also, the Hull Moving Average allows a trader to determine the trend with the help of the color model built in the indicator.
In case an upward trend prevails, the HMA changes its color from red to blue, thus indicating a buying opportunity because the price may rise further after that. The change of color of the moving average would also signal a market entry.
The HMA not only smoothes price changes, but also eliminates signals’ delays. This effect was reached by virtue of some peculiarities in calculation. Thus, a trader can use the indicator in trades with no fears that the HMA would provide delayed signals to buy an asset or enter the market.
In addition to independent use of the HMA in trading, the MetaTrader indicator can be applied as market entry filter with trades being opened on the basis of other indicators or different methods of analysis. In this case, the moving average can be used for closing trades. The mechanism is the following: when the indicator changes its color to the opposite one, a trader should close a trade opened in line with the price trend and wait for a new market entry signal.
HMA Formula: HMA(n) = WMA(2*WMA(n/2) – WMA(n)),sqrt(n))
Traditional moving averages lag the price activity. But with some clever mathematics the lag can be minimized. Here's how...
By Alan Hull (creator of the HMA)
Back in 2005 when I was working on a new indicator I was temporarily sidetracked by trying to solve the problem of lag in moving averages, the outcome of which was the Hull Moving Average.
Since then the HMA has found its way into charting programs around the world and is regularly discussed on traders bulletin boards in different languages around the world. It was the result of an intellectual curiosity which I placed into the public domain by writing the following article.
The Hull Moving Average solves the age old dilemma of making a moving average more responsive to current price activity while maintaining curve smoothness. In fact the HMA almost eliminates lag altogether and manages to improve smoothing at the same time.
Continue reading more about the Hull Moving Average HERE.
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