Imp XM A
Info
The Imp XM A is a Indicator for MetaTrader 5 that paladin80moving average wing averaging of the linear combination of the input price timeseries. The moving average, just like any other indicator, can be calculated only based on 7 price constants.
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 Imp XM A
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
paladin80Moving average wing averaging of the linear combination of the input price timeseries.
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: Price Channel Indicator - another powerful indicator for MetaTrader 5 traders.
paladin80
Moving average wing averaging of the linear combination of the input price timeseries.
Also recommended: Multi-Timeframe Moving Average Indicator (v03) - similar indicator with strong performance on MetaTrader 5.
The moving average, just like any other indicator, can be calculated only based on 7 price constants. This modification of the moving average allows to calculate the indicator based on any combination of the 4 main price types (close, open, high, low). For this purpose, four coefficients are used as the indicator's input parameters:Close_coef - weight coefficient of CLOSE price for calculation of the individual price;
Open_coef - weight coefficient of OPEN price for calculation of the individual price;
High_coef - weight coefficient of HIGH price for calculation of the individual price;
Low_coef - weight coefficient of LOW price for calculation of the individual price.
Resulting formula of the weight constant:
The indicator uses SmoothAlgorithms.mqh library classes (copy it to
<terminal_data_folder>
\MQL5\Include). The use of the classes was thoroughly described in the article .
The original indicator was developed in the MQL4 language and published in the on 11.11.2012.
Fig1. The Imp_XMA indicator
You may also like: Multi-Timeframe Relative Strength Index (MTF RSI) Indicator for MT4/MT5 - excellent alternative for indicator users on MetaTrader 5.
⚠ 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.