Free Forex Indicators (MT4), Trend Following Indicators

Hull Moving Average Arrows

Hull Moving Average Arrows offers a great simplicity in trend-following forex tradings, especially for the newbie traders. It can be applied to trade all sorts of forex currency pairs in the markets. Besides, this average system works on all timeframe charts within your MT4 forex trading platform.

Hull Moving Average Arrows demonstrates the trend status and the trade signals in a simple way so that everybody can master it. Furthermore, it can be added to other trend-following forex trading strategies to boost your trading performance.

Hull Moving Average Arrows Overview

Download and install it on your MT4 terminal. Once you’re done, your chart will be transformed like the following image:

Hull Moving Average Arrows Overview

Hull Moving Average Arrows Explanation

Hull Moving Average Arrows uses a 35 period of HMA in order to define the market trends. You can change the value of the periods according to your needs. The more you increase the period value the better the signal strength is. For intraday or day tradings, we recommend you to apply a 50-period of HMA for greater results.

Hull Moving Average Arrows Explanation

In case of a bullish trend, the price keeps closing above the indicator value, the indicator color turns blue, and an arrow appears below the price bar pointing upwards. For short entries, the indicator color must turn red with an arrow plotted above the current price candle.

Hull Moving: Buy Conditions

Hull Moving Buy Conditions
  • Price candle closes above the current value of the indicator
  • Hull Moving Average turns into blue color
  • An HMA Arrow appears below the price candle pointing upwards
  • Buy triggers after the above conditions are done
  • Set Stop Loss below the current HMA level
  • Exit long/take profit whenever the indicator turns red

Continue Reading: RoboForex Broker Review

Hull Moving: Sell Conditions

Hull Moving Sell Conditions
  • Price candle closes below the current value of the indicator
  • Hull Moving Average turns into red color
  • An HMA Arrow appears above the price candle pointing downwards
  • Sell triggers after the above conditions are done
  • Set Stop Loss above the current HMA level
  • Exit short/take profit whenever the indicator turns blue
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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.