XMA_BB_Pivot_HTF – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Two colored filled rectangles with the display of channel levels. The rectangles are drawn between the values ​​of two Bollinger channels on one bar of any timeframe of the XMA_BBx5_Cloud indicator.

    Indicator input parameters:

    //+----------------------------------------------+
    //| Indicator input parameters                   |
    //+----------------------------------------------+ 
    input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;// Chart period
    input Smooth_Method XMA_Method=MODE_SMA_; //Averaging method
    input uint XLength=100; //Depth of averaging                    
    input int XPhase=15; //First averaging parameter,
    3//---- for JJMA within the range of -100 ... +100, it influences the quality of the transition process;
    //---- for VIDIA it is a CMO period, for AMA it is a slow average period
    input double BandsDeviation1=2.0; //Deviation 1
    input double BandsDeviation2=4.0; //Deviation 2
    input Applied_price_ IPC=PRICE_CLOSE_;//Price constant
    input int Shift=0; // Horizontal indicator shift in bars
    input int PriceShift=0; // Vertical indicator shift in points
    //---- Colors of price labels
    input color  Middle_color=clrBlue;
    input color  Upper_color1=clrMediumSeaGreen;
    input color  Lower_color1=clrRed;
    input color  Upper_color2=clrDodgerBlue;
    input color  Lower_color2=clrMagenta;
    

    The indicator requires XMA_BBx5_Cloud.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.

    Fig1. The XMA_BB_Pivot_HTF indicator

    Fig1. The XMA_BB_Pivot_HTF indicator

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window

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