XDE Marker BB Indicator
Info
The XDE Marker BB Indicator is a Indicator for MetaTrader 5 that the xde marker bb indicator tracks areas of price exhaustion, which often correspond to price tops and bottoms. The indicator displays colored dots on the DeMarker line, with their color depending on the location relative to the Bollinger middle band and DeMarker line direction.
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 XDE Marker BB Indicator
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 XDE Marker BB indicator tracks areas of price exhaustion, which often correspond to price tops and bottoms.
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: Envelope SAR Indicator - another powerful indicator for MetaTrader 5 traders.
The XDE Marker BB indicator tracks areas of price exhaustion, which often correspond to price tops and bottoms.Also recommended: B Bands Psar Indicator - similar indicator with strong performance on MetaTrader 5.
The indicator displays colored dots on the DeMarker line, with their color depending on the location relative to the Bollinger middle band and DeMarker line direction. An ascending DeMarker above the middle band paints the dots in green, while a descending one paints them in blue. A descending DeMarker below the middle band paints the dots in red, while an ascending one paints them in magenta.The color of the signal dot-dashed line changes depending on its location relative to the DeMarker line. If the DeMarker line is higher than the signal line, the color is sandy; otherwise, it is lime.
The indicator offers various moving average options, including:
- 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 the use of Tushar Chande's algorithm
- Smoothing with the use of Perry Kaufman's algorithm.
It is essential to note that phase type parameters for different smoothing algorithms have distinct meanings. For JMA, it is an external phase variable changing from -100 to +100. For T3, it is a smoothing ratio multiplied by 100 for better visualization; 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 and is equal to 2 by default. The ratio of raising to the power is also equal to 2 for AMA.
The indicator uses SmoothAlgorithms.mqh library classes, which must be copied to the terminal_data_folder\mql5\include. The use of these classes was thoroughly described in an article from 2026.
You may also like: Smart Money Concepts Market Structure Indicator for MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 10
#property indicator_plots 8
#property indicator_type1 draw_color_line
#property indicator_color1 gray,lime,orange
#property indicator_style1 style_dashdotdot
#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.