Hull Moving Average or HMA for MT5 (MT5) — review, price and free alternatives

Rowan Stephan Buys developed the indicator with a weighted engine to calculate the Alan Hull formula accurately for the MT5 environment.

The algorithm works by computing a weighted moving average twice and taking a square-root period adjustment, then applying a final smoothing to generate a single trend line. This produces the near-zero-lag behavior traders expect while filtering short-term noise.

Market conditions best suited to the indicator include trending and moderately trending ranges; it performs less reliably in very choppy, low-volatility environments without additional filters. Risk management is implemented externally by most traders through ATR-based stops and fixed fractional position sizing. Expected performance characteristics emphasize faster signal detection, reduced whipsaw, and moderate trade frequency when used on 5-minute to 1-hour charts. The developer documentation for the Hull Moving Average or HMA for MT5 supplies parameter guidance and example setups for immediate testing on MT5.

Risk level for the Hull Moving Average or HMA for MT5 is moderate when used with disciplined stops and position sizing. Recommended stop loss strategy uses ATR multiples or recent swing low/high placement to allow for volatility while limiting downside. Position sizing should follow fixed-fractional rules, risking 0.5% to 2% of equity per trade depending on account size and confidence in the setup. Vulnerabilities appear in sideways, low-volatility markets where the indicator can generate false signals; additional trend confirmation reduces this risk. For real-money deployment an account size of at least $3,000 to $5,000 is advised to accommodate realistic lot sizing and margin requirements on common brokers.

Install the indicator by placing the provided HMA .ex5 file into the MT5 Experts or Indicators folder, then restart the MT5 terminal so the indicator appears in the Navigator. Attach Hull Moving Average or HMA for MT5 to your chosen chart and set the period, smoothing, and alert parameters according to developer notes. Recommended broker types include regulated ECN or STP brokers with low spreads and reliable execution for intraday trading. Optimal chart timeframes are 5-minute, 15-minute and 1-hour for most traders, with 4-hour used for longer swings.