HMA+Indicator
HMA+Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is the Hull moving average. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 9 settings, for example HMA Period (default 20), HMA Price Type (default 0) and HMA Method (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About HMA+Indicator
HMA+Indicator is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 9 settings, such as Hma period, Hma price type and Hma method. MQL source code included.
Files in the download: HMA Indicator\HMA Indicator Manual.pdf, HMA Indicator\experts\indicators\HMA Arrows.ex4, HMA Indicator\experts\indicators\HMA Arrows.mq4, HMA Indicator\experts\indicators\HMA Color.ex4, HMA Indicator\experts\indicators\HMA Color.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Hma period | 20 | Period or timeframe used by the calculation |
| Hma price type | 0 | |
| Hma method | 3 | |
| Arrow size | 0 | |
| Arrow point gap | 15 | |
| Alerts | false | Turn this alert on or off |
| Normalize values | TRUE | |
| Normalize digits plus | 2 | |
| Vertical shift | 0 | Bar shift (0 = current bar) |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Moving Average · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code