The fPlagiat2 indicator for MetaTrader 4 is the same as the Hull Moving Average (HMA). As such the fPlagiat2 was developed by Alan Hull, as an extremely fast smooth moving average.
The fPlagiat2 indicator eliminates lag completely and tries to enhance smoothing at the same time. The fPlagiat2 indicator tries to deal with the problem of making more responsive the moving average to the most recent price action while holding on to the curve’s smoothness.
The fPlagiat2 indicator for MetaTrader 4 can be deployed in two ways:
Applying only one fPlagiat2: If the slope of the fPlagiat2 alters, then it is an indication that traders should be ready to either go short or long depending on the direction of the change of slope.
If the slope changes downward then it is a downward trend, while an upward slope denotes a bullish trend. It is also important to combine this insight with some good setup, like support-resistance breakout zone or candlestick pattern.
Applying two fPlagiat2: Some of the most common cross averages are fPlagiat2 (9) and fPlagiat2 (25). Considering the principle stated above, same can also be considered here. The fPlagiat2 does not function properly in range market due to many false entries.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Period), Colors, width & Style.
Time frames: 4 Hours & 1 Day
Type: support/resistance, trend.