3rd Generation XMA
Info
The 3rd Generation XMA is a Indicator for MetaTrader 5 that the method was first introduced in the article "gleitende durchschnitte 3. 0" (2026).
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 3rd Generation XMA
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 method was first introduced in the article "Gleitende Durchschnitte 3.
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: 3rd Generation Moving Average Indicator - another powerful indicator for MetaTrader 5 traders.
The method was first introduced in the article "Gleitende Durchschnitte 3.0" (2026). This implementation uses λ = 2 for effective lag reduction. Higher λ values increase similarity with the classic moving average.Also recommended: 3rd generation moving average mt5 - similar indicator with strong performance on MetaTrader 5.
Input Parameters:
This indicator offers ten averaging algorithms:
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighted Moving Average
- Adaptive JMA Smoothing
- Ultralinear Smoothing
- Parabolic Smoothing
- Tillson's Multiple Exponential Smoothing
- Smoothing using Tushar Chande's algorithm
- Smoothing using Perry Kaufman's algorithm
Note that phase parameters vary across algorithms. For JMA, it's an external variable (-100 to +100). For T3, it's a smoothing coefficient multiplied by 100. For VIDYA, it's a CMO oscillator period, and for AMA, it's a slow EMA period. These parameters don't affect smoothing in other algorithms. AMA's fast EMA period is fixed at 2, and the powering coefficient is set to 2.
The indicator utilizes the SmoothAlgorithms.mqh library classes, as described in the article.
Fig.1: 3rdGenXMA Indicator
You may also like: bear bulls power ht f - excellent alternative for indicator users on MetaTrader 5.
Source Code
/*
* the operation of the indicator requires
* smoothalgorithms.mqh
* to be placed in the directory: metatrader\\mql5\include
*/
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.01"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools".......
⚠ 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.