HMA Megatrend Indicator for MT5 Download – Free – [TradingFinder]

The HMA Megatrend Indicator, based on the Hull Moving Average, is designed to provide more precise trend detection compared to classic moving averages.

While traditional averages often lag, this indicator uses a smoothing algorithm to filter out false market fluctuations and more accurately identify the real direction of price movement.

It features a dynamic color-changing line, which appears green during uptrends and red during downtrends.

HMA Megatrend Oscillator Specifications

The table below outlines the specifications of the HMA Megatrend Indicator:

HMA Megatrend at a Glance

One of the main features of the HMA Megatrend Oscillator is its ability to generate buy and sell signals.

A transition from downtrend to uptrend is marked with a gray arrow, while a shift from uptrend to downtrend is indicated by a pink arrow, offering timely alerts for entering or exiting trades.

Buy Signal

On the 1-hour chart of Ethereum (ETH), a color change from red to green in the indicator line indicates the start of a bullish trend.

This trend reversal is marked with a gray arrow, signaling a potential buy entry.

Sell Signal

In the 1-hour chart of EUR/USD, a color shift from green to red in the indicator line indicates the beginning of a bearish trend.

The indicator marks this turning point with an arrow, providing a sell signal.

HMA Megatrend Oscillator Settings

The settings of the HMA Megatrend Indicator are as follows:

• HMAPeriod: Hull Moving Average period
• HMAmethod: Type of moving average used
• HMAPrice: Price type used for the calculation
• HMAshift: Shift value of the HMA line
• ShowHMA: Toggle to show or hide the HMA line
• 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: Enable or disable buy/sell signal arrows on the chart
• ColorUP: Color of the buy signal arrow
• ColorDN: Color of the sell signal arrow
• ArrowsGap: Vertical distance of the arrow from the line
• CodeUP: Code of the upward arrow
• CodeDN: Code of the downward arrow
• ArrSize: Size of the signal arrows

Conclusion

The HMA Megatrend Indicator, powered by a smoothing algorithm, filters out random price noise and presents the main market trend with greater clarity.

What sets this trading tool apart is its combination of a color-changing dynamic line and buy/sell arrows, offering traders a clear and visual representation of trend direction and entry opportunities.