XMA Range Channel Metatrader 5 Indicator
The channel formed by two averages drawn on smoothing of High and Low price series. Candlesticks outside the channel limits are marked with color according to the trend. Candlesticks with the trend have bright fill color, ones against the trend – dark fill color.
The indicator uses SmoothAlgorithms.mqh library classes (copy it to MQL5Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
XMA Range Channel MT5 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 5
XMA Range Channel – it is a MetaTrader 5 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install XMA Range Channel indicator for MetaTrader 5.mq5?
Download indicator for MetaTrader 5.mq5Copy XMA Range Channel to Directory / experts / indicators /
Start or restart your Metatrader 5 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
Right click on XMA Range Channel for MetaTrader 5.mq5
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 5.mq5 is available on your Chart
How to remove XMA Range Channel Indicator for MetaTrader 5.mq5 from your Metatrader 5 Chart?
Select the Chart where is the Indicator running in your Metatrader 5 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
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