2PB Ideal XO SMA
Info
The 2PB Ideal XO SMA is a Indicator for MetaTrader 5 that the 2pbidealxosma indicator represents the macd histogram drawn by the indicators and smoothed by one of ten variants of averaging:- simple moving average- exponential moving average- smoothed moving average- linear weighed moving average- adaptive averaging jma- ultralinear averaging- parabolic averaging- tillson's multiple exponential smoothing- smoothing using tushar chande's algorithm- smoothing using perry kaufman's algorithm. It should be noted that phase parameters for different smoothing algorithms have distinct meanings.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use 2PB Ideal XO SMA
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The 2PBIdealXOSMA indicator represents the MACD histogram drawn by the indicators and smoothed by one of ten variants of averaging:- Simple Moving Average- Exponential Moving Average- Smoothed Moving Average- Linear Weighed Moving Average- Adaptive Averaging JMA- Ultralinear Averaging- Parabolic Averaging- Tillson's Multiple Exponential Smoothing- Smoothing using Tushar Chande's algorithm- Smoothing using Perry Kaufman's algorithm.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: 2PB Ideal MA Indicator - another powerful indicator for MetaTrader 5 traders.
The 2PBIdealXOSMA indicator represents the MACD histogram drawn by the indicators and smoothed by one of ten variants of averaging:Also recommended: Ideal Zig Zag Indicator - similar indicator with strong performance on MetaTrader 5.
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighed Moving Average
- Adaptive Averaging JMA
- Ultralinear Averaging
- Parabolic Averaging
- Tillson's Multiple Exponential Smoothing
- Smoothing using Tushar Chande's algorithm
- Smoothing using Perry Kaufman's algorithm.
It should be noted that phase parameters for different smoothing algorithms have distinct meanings. For JMA, it is an external phase variable ranging from -100 to +100. For T3, it is a smoothing ratio multiplied by 100 for better visualization, while for VIDYA, it is a CMO oscillator period, and for AMA, it is a slow EMA period. In other algorithms, these parameters do not affect smoothing. For AMA, the fast EMA period is a fixed value of 2, and the ratio of raising to the power is also set to 2.
The color of the histogram and the signal line changes based on the current market situation.
This indicator utilizes the SmoothAlgorithms.mqh library classes (which must be copied to terminal_data_folder\mql5\include). The use of these classes was detailed in the 2026 article.
Fig.1: 2PBIdealXOSMA Indicator
You may also like: 2PB Ideal XO SMA Candles - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.01"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_type1 draw_color_histogram
#property indicator_color1 gray,olivedrab,dodgerblue,deeppink,magenta
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.