The Hurst Exponent Optimized indicator runs on the MT5 trading platform and can be used for accurate trade entry.
It appears as a blue colored line that oscillates in a bottom chart window.
The indicator can be easily combined with other technical tools and price action strategies.
Free Download
Download the “Hurst exponent (opt)(arr).mq5” Metatrader 5 indicator
Example Chart
The image below shows the Hurst Exponent Optimized indicator applied to the EUR/USD M5 trading chart.
You can apply the indicator to any currency pair and time frame of your preference.
How to trade with this technical indicator?
Please find a classic trading example below:
Buy trade signal:
- Open a buy trade when the overall trend is upward and the blue line makes a V-turn near the bottom of the chart.
- Place a stop loss below short-term support.
- Utilize your own method or process to close the sell trade or wait for a buy trade signal.
Sell trade signal:
- Open a sell trade when the overall trend is downward and the blue line makes a V-turn near the top of the chart.
- Place a stop loss above short-term resistance.
- Utilize your own method or process to close the buy trade or wait for a sell trade signal.
Adjustable Inputs
Hurst exponent period, price, colors, width, style.
How to install this custom indicator on Metatrader 5?
- Download the Hurst exponent (opt)(arr).mq5 custom indicator
- Launch the MT5 trading platform
- Click on “File” (top menu) and open the “Open Data Folder”
- Navigate to the MQL5 > Indicators folder
- Drag the file (mql5 or ex5 format) to the Indicators folder
- Reload the trading platform
- Navigate to Insert (top menu) > Indicators > custom
- You will find the indicator in this list
- Click on it and the indicator will appear on the chart
How to remove a custom indicator from the trading chart?
- Click with your right mouse button in the chart
- Navigate to indicator list and open it
- Select the indicator > press delete > close
- The indicator will be removed from the chart
