The Hull Moving Average Arrows indicator for Metatrader 4 displays buy & sell arrows on the chart every time the trend reverses in the opposite direction.
It looks similar to the Hull Master MTF technical indicator and can be classified as a trend reversal indicator.
It shows up on the main trading chart as a green and purple colored arrows that delivers the actual buy & sell trade entries.
The indicator works very well for scalping and day trading the lower spread currency pairs on the M5 and M15 charts.
Buy & sell signal:
- A blue colored arrow is a buy signal.
- A magenta colored arrow is a sell signal.
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 hull-moving-average-arrows.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 Hull Moving Average Arrows indicator to your Metatrader 4 platform?
- Download the hull-moving-average-arrows.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
