Trend Following Indicators, Free Forex Indicators (MT4)

HMA Mega Trend Indicator

HMA Mega-Trend Indicator is a trend-following technical tool that converts the recent price action data into potential upcoming trend signals. A great track record, simple look, easy signal reading, and higher winning rate have made this indicator quite extraordinary to its users. Moreover, this indicator can be an amazing treat to newbie trend-based traders.

This indicator is quite adjustable to all sorts of timeframe charts, therefore, fits with traders of any lengths. Besides, you’ll also be able to use it to trade any Forex currency pairs at the MT4 trading terminal.

HMA Mega Trend Indicator Overview

Once you’re done with the installation of HMA Mega-Trend Indicator at your Forex MT4 terminal, your trading chart will appear like the following image:

HMA Mega Trend Indicator

This indicator uses a separate indicator window to plot the signal. Simply, a bullish trend is signaled by a single upward white arrow.

But in such case, before you buy, you must look for a solid bullish candle as well for a better confirmation of a long entry.

Reversely, a bluish downward arrow signals the bearish trend and this is the time when you should look for a well-furnished good-looking bearish bar as a sell signal.

HMA Mega Trend Indicator: Buy Parameters

HMA Mega Trend Indicator Buying Parameters
  • HMA Mega Trend Indicator plots a white upward arrow
  • Price bar closes as a solid bullish candle
  • Enter buy at the break of the bullish bar’s high
  • Stop loss below the respective signaling bar’s low
  • Exit long/take profit once a downward arrow is plotted

HMA Mega Trend Indicator: Sell Parameters

HMA Mega Trend Indicator Selling Parameters
  • HMA Mega Trend Indicator plots a blue downward arrow
  • Price bar closes as a solid bearish candle
  • Enter sell at the break of the bearish bar’s low
  • Stop loss above the respective signaling bar’s high
  • Exit short/take profit once an upward arrow is plotted

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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