Forex XMA Signals Indicator
Forex XMA Signals Indicator:
This Moving Average indicator has digital filter to detect trend and flat states of the market.
One can see at the image above that XMA located above and below the price and by changing its movement it draws the separation line. When flat movement it does not have this behaviour.
Trade signals:
- Open position when the bar close price is above or below the indicator line with its tilted position.
- Close position when the indicator line crossovers the close price or close price has the opposite direction in the horizontal position of the indicator line.
Input parameters:
- Period – Indicator period
- Porog – Indicator threshold (in pips)
- Metod – Averaging method 0=Simple 1=Exponential 2=Smoothed 3=Linear weighted
- Prise – Averaging price 0=Close 1=Open 2=High 3=Low 4=Median 5=Typical 6=Weighted
What does Forex Indicator mean?
A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on. Popular forex indicators include moving averages, relative strength index (RSI) and average true range (ATR). A forex trader must choose the indicators that fit his or her trading strategy.
How to install Forex XMA Signals Indicator?
- Download Forex XMA Signals Indicator.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex indicator
- Load indicator on your chart
How to uninstall Forex XMA Signals Indicator?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
