Watch the testing video here:
4 Time Frame Hull Trend Indicator
Introduction to the 4 Time Frame Hull Trend Indicator
The 4 Time Frame Hull Trend indicator is essentially a trend-following forex indicator based on the Hull Moving Average indicator.
That gauge makes a trend analysis of four timeframes: H4, D1, W1, and MN and displays green and pink bars according to the recognized trend momentum.
A trading signal occurs when all bars agree in the direction, in other words, when bars of all timeframes are the same color at the same time.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed in a separate window placed just below the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How does it work? How to apply in trading?
Trading Rules Explanation
Signals provided by the 4 Time Frame Hull Trend Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Look for long trade opportunities when the 4 Time Frame Hull Trend indicator bars are all aligned up (green color). Place your stop loss a few pips below the last swing low.
Sell Entry: Look for short trade opportunities when the 4 Time Frame Hull Trend indicator bars are all aligned down (pink color). Place your stop loss a few pips above the swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the 4 Time Frame Hull Trend indicator in MT4?
Copy and paste the 4 time frame hull trend.ex4 or 4 time frame hull trend.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
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