HMA Megatrend Indicator for MT4 Download – Free – [TradingFinder]

The HMA Megatrend Indicator, based on the Hull Moving Average, is a powerful tool in technical analysis. Unlike traditional moving averages that often introduce lag, the Hull Moving Average uses a smoothing algorithm to filter out random price movements and reveal the actual trend direction with higher accuracy.

This oscillator visualizes price action using a dynamic, color changing line to distinguish between bullish and bearish phases.

HMA Megatrend Oscillator Specifications

The download specifications of the HMA Megatrend Indicator are as follows:

HMA Megatrend at a Glance

The HMA Megatrend Oscillator not only shows changes in trend direction but also issues buy and sell signals.

A gray arrow appears when the trend shifts from bearish to bullish, while a pink arrow appears when the trend reverses from bullish to bearish.

Buy Signal

On the GBP/USD 30-minute chart, a change in the oscillator line color from red to green signals a bullish trend reversal.

The point of the color change is marked with a gray arrow, indicating a buy entry opportunity.

Sell Signal

According to the 1-hour XRP chart, when the oscillator line changes from green to red, it signifies the start of a bearish trend.

This turning point is marked by a pink arrow, indicating a sell entry point.

HMA Megatrend Oscillator Settings

The following are the adjustable parameters available for the HMA Megatrend Oscillator:

• HMAPeriod: Hull Moving Average period
• HMAmethod: Moving average used
• HMAPrice: Price type used for HMA calculation
• HMAshift: Displacement value for the HMA line
• ShowHMA: Show or hide the HMA line on the chart
• TrendUP: Color of the HMA line during an uptrend
• TrendDN: Color of the HMA line during a downtrend
• Style: Display the style of the line
• Size: Thickness of the HMA line on the chart
• ShowArrows: Toggle to show or hide buy/sell signal arrows
• ColorUP: Color of the buy signal arrow
• ColorDN: Color of the sell signal arrow
• ArrowsGap: Vertical distance of the signal arrows from the line
• CodeUP: Arrow code for upward signal
• CodeDN: Arrow code for downward signal
• ArrSize: Size of the signal arrows

Conclusion

The HMA Megatrend Indicator, with its smoothing-based algorithm, effectively filters out random price noise, providing a clearer picture of significant market trends.

Its key advantage lies in the combination of a dynamic colored line and directional signal arrows, giving traders a visual and actionable guide to market direction and potential entry points.