The Super Trend Hull indicator for Metatrader 5 provides robust trading signals based on a combination of Super Trend and the Hull moving average.
The indicator appears as a green and violet colored non-repaint signal line on the price chart.
Here’s how you should interpret the indicator:
- A green colored signal line suggests an uptrend.
- A violet colored signal line indicates a downtrend.
The indicator allows customizing the following settings and parameters: Hull period and buy and sell line color.
Gain confidence in utilizing the Super Trend Hull indicator and test it first on a demo account for an extended period.
Super Trend Hull, like any other technical indicator, cannot guarantee 100% accuracy.
Free Download
super_trend_hull.mq5 Indicator (MT5)
Chart Example GBPUSD H4
Here is how the Super Trend Hull indicator appears when applied to the MT5 chart.
How To Buy And Sell Forex With The Super Trend Hull Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is triggered when the green signal line is displayed on the price chart.
- Open a buy trade and place your stop loss a few pips below the green Super Trend Hull line.
- When a sell signal emerges on the chart, it is advisable to exit the buy position.
- Alternatively, exit the buy position for a fixed take profit target of your preference.
Sell Signal
- A sell signal is triggered when the red signal line is displayed on the price chart.
- Open a sell trade and set your stop loss a few pips above the red Super Trend Hull line.
- When a buy signal emerges on the chart, it is advisable to exit the sell position.
- Alternatively, exit the sell position for a fixed take profit target of your preference.
