Space Colors Indicator – Advanced Trend Analysis Tool

🚀 "Catch the Trend Early, Trade with Clarity!"

📌 Overview

The Space Colors Indicator is a modified version of the Hull Moving Average (HMA) with enhanced visual signals. It provides clear color-coded trend identification (Green for bullish, DarkViolet for bearish) to help traders make faster and more accurate decisions.

This MetaTrader 4 (MT4) indicator is designed to minimize lag while maintaining smoothness, making it ideal for swing trading, scalping, and trend-following strategies.

🔧 How It Works

The indicator uses a double-smoothed Weighted Moving Average (WMA) approach:

Calculates two WMAs:

A fast WMA (half the selected period)

A standard WMA (full period)

Combines them using Hull’s formula:

HMA = WMA(2 * WMA(Period/2) - WMA(Period))  

Applies a final smoothing using a WMA over the square root of the period.

Color-coded signals:

Green Line → Bullish trend (price likely rising)

DarkViolet Line → Bearish trend (price likely falling)

⚙️ Indicator Settings

ParameterDescriptionRecommended Value

Period (21)Adjusts the sensitivity of the HMA.Short-term: 10-15

Method (3 - LWMA)Smoothing method (0=SMA, 1=EMA, 2=SMMA, 3=LWMA).LWMA (3) is best for responsiveness.

Price (0 - Close)Price used for calculation (0=Close, 1=Open, etc.).Close (0) is standard.

📈 Trading Strategies

✅ Trend-Following Entry

Buy when the line turns Green (uptrend confirmation).

Sell when the line turns DarkViolet (downtrend confirmation).

✅ Filter with Other Indicators

Combine with RSI (30/70 levels) to avoid overbought/oversold traps.

Use MACD crossover for additional confirmation.

✅ Scalping & Swing Trading

Shorter periods (10-15) for scalping.

Longer periods (20-30) for swing trading.

🔍 Why Use Space Colors Indicator?

✔ Minimal Lag – Reacts faster than SMA/EMA.

✔ Clear Visual Signals – Instant trend recognition.

✔ Customizable – Adjust period and smoothing for different markets.

📢 Final Words

"Trade with precision, stay ahead of the trend!"

This Space Colors Indicator is a powerful tool for traders who want smooth, responsive trend signals without excessive noise.

Happy Trading! 🚀

— REZA.KH 2025 | www.robomql.com