The "Double HMA MTF" indicator for MT4

This is an advanced multi-timeframe version of the popular Hull Moving Average (HMA).

Working with the HMA indicator, I noticed that the HMA with a period of 10-12 bars determines the price movement very well, filtering out market noise.
This pattern is viewed on any instrument and any timeframe - from M1 to Monthly.

At what, such HMA movement on the higher TF is a trend for the lower TF, for example:
H4 / M15 (the HMA movement on H4 is a trend on M15)
H1 / M5 (the HMA movement on H1 is a trend on M5)
M15 / M1 (the HMA movement on M15 is a trend on M1), etc.

Implementing two timeframes in one HMA indicator (current and higher TF), we see a trend and short-term movements. So, we can define signals for opening a trade in the direction of a trend.

This video shows how MTF-indicators work, the connection between higher and lower timeframes is demonstrated.
It also records real trades using the "Double HMA MTF" and "Double HMA MTF Light" MTF indicators.

Download the indicators for MetaTrader4:
The indicator "Double HMA MTF Light" (free)
https://www.mql5.com/en/market/produc...
The indicator "Double HMA MTF"
(demo version)
https://www.mql5.com/en/market/produc...
(full version)
https://www.mql5.com/en/market/produc...

Download the indicator for MetaTrader5:
https://www.mql5.com/en/market/produc...

Watch a video on the indicator for MetaTrader5:
The "Double HMA MTF" indicator for Me...

• #people_blogs
• #hull_moving_average
• #hma
• #mtf_indicator
• #forex
• #indicator