The HMA Mega Trend indicator for Metatrader 4 is another version of the classic HMA Mega Trend Arrows buy & sell technical indicator.
It works in a similar way and plots its signals in a bottom chart of the trading platform.
The indicator is easy to understand, quite profitable and suits both beginners and seasoned traders.
Buy & sell signal:
- Open a buy trade when the white colored arrow appears in the bottom chart.
- Open a sell trade when the magenta colored arrow appears in the bottom chart.
From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.
It can be used as a standalone technical tool or it can be combined with other technical indicators and trading systems.
Try first on a demo account until you fully understand how this indicator works!
Free Download
Download the hma-mega-trend-indicator.mq4 indicator file (MT4)
Indicator Chart Example
The picture above shows the indicator attached to the Euro / U.S. Dollar chart.
How to install the HMA Mega Trend indicator to your Metatrader 4 platform?
- Download the hma-mega-trend-indicator.mq4 indicator file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
- Click on “MQL4” and open the “Indicators” folder
- Paste the indicator file in this folder
- Restart Metatrader 4 and you’re ready to start using the indicator
How to edit the indicator?
- Attach the indicator to any trading chart of your preference
- Right click in the chart and select “Indicators List” from the drop down menu
- Select the indicator from the list and click on “Edit”
- Now you can start editing the indicator (Inputs, Colors and Visualization)
- Final step, click on the “OK” button to save the new configuration
