image source: instaforex.
This is an alternative indicator of MA, with an added future of smoothing price movements.
It is developed by Mr.Alan Hull.
It is developed as effective price filter with its color changing ability to make easy to get the market trend.
In the bullish trend, the HMA changes its color from red to blue.
In the bearish trend, the HMA changes its color from blue to red.
Ref: instaforex