Ultra XM A

Related: Ultralinear Smoothing Indicator - another powerful indicator for MetaTrader 5 traders.

This indicator calculates the integral value of the trend from fans of similar moving averages, utilizing an arithmetic progression of the smoothing period.

Also recommended: Commodity Channel Index with Ultralinear Smoothing - similar indicator with strong performance on MetaTrader 5.

The moving averages are computed using the following algorithm: the indicator's input parameters serve as source data.

Startlength - the minimum initial value of the first signal line.

Step - period change step.

Stepstotal - the number of period changes.

Each period value in the fan of lines is calculated using an arithmetic progression, where the number variable ranges from zero to stepstotal. The resulting period values are stored in the variables array and used at each indicator tick to obtain the array of XMA moving averages fan values.

The directions of the current trend for each smoothing are determined, and the number of positive and negative trends for the entire array of moving averages fan values is calculated. These final trend counts are further smoothed and used as indicator lines to create a color cloud displayed with the style class.

The trend direction is indicated by the cloud color, while its strength is represented by the cloud width. Overbought (uplevel) and oversold (dnlevel) levels can be set as a percentage of the indicator's maximum amplitude.

The indicator supports various smoothing algorithms:

- Simple Moving Average

- Exponential Moving Average

- Smoothed Moving Average

- Linear Weighted Moving Average

- JMA Adaptive Average

- Ultralinear Smoothing

- Parabolic Smoothing

- Tillson's Multiple Exponential Smoothing

- Smoothing with Tushar Chande's Algorithm

- Smoothing with Perry Kaufman's Algorithm

It's important to note that phase parameters have different interpretations for different smoothing algorithms. For JMA, it's an external variable ranging from -100 to +100. For T3, it represents a smoothing ratio multiplied by 100 for visualization. For VIDYA, it's the CMO oscillator period, and for AMA, it's the slow EMA period. In other algorithms, these parameters do not influence smoothing. In AMA, the fast EMA period is fixed at 2, and the ratio of raising to the power is also set to 2.

The indicator relies on the smoothalgorithms.mqh library classes, which should be copied to the terminal_data_folder\mql5\include. The usage of these classes is detailed in the referenced article.

You may also like: Ultra RS Indicator for MT4/MT5 - excellent alternative for indicator users on MetaTrader 5.

#property copyright "robotfx"
#property link "https://robotfx.org"
#property version   "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots   1
#define reset 0 // the constant for getting the command for the indicator recalculation back to the terminal
#property indicator_type1   draw_filling
#property indicator_color1  blueviolet,darkorange
#property indicator_label1 "ultra xma"

.......

• 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.