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 of time.
Super Trend Hull, like any other technical indicator, cannot guarantee 100% accuracy.
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super_trend_hull.mq5 Indicator (MT5)
Chart Example
Here is how the Super Trend Hull indicator appears when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Super Trend Hull Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is triggered when the green signal line gets 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 gets 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.
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super_trend_hull.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the super_trend_hull.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration