Hurst Indicator
MT4Also Available for MT5Forex BUY and SELL signals from the best Hurst Indicator for MT4. Uses Hurst exponential for detecting trends. Accurate trend detector.
Description
The Hurst Indicator for MT4 follows the principle of Hurst exponential to find the direction of the trend. The indicator plots waves and time waves to detect a market trend.
The indicator exponent (H) measures the trend’s persistence, unpredictability, or mean reversion and fluctuates between zero and one. When H is larger than 0.5, it suggests a strong long-term trend, and when H is less than 0.5, the trend is likely to reverse.
Unlike the traditional exponent, the Indicator fluctuates between + and – lines. However, it measures the trend’s unpredictability, persistence, and mean reversion.
Hurst Indicator BUY/SELL signals
The above GBP/USD 4H chart shows BUY and SELL signals with the indicator.
The Indicator plots three waves; w1, w2, w3, and w4. When the w3 falls below the w1, w2, and w4 and the timewave is up; it’s a buy signal. On the flip side, when the w3 goes above the w1, w2, w4, and the time wave, it’s a downtrend.
Conclusion
The Hurst Indicator uses Hurst exponential to suggest BUY and SELL signals. The indicator provides suitable entry and exit points and provides direction of the trend. Also, one can download the indicator for free.
1 2 3 4 5