XMA Range Bands
Info
The XMA Range Bands is a Indicator for MetaTrader 5 that this indicator provides a comprehensive set of moving average calculations, offering a versatile tool for technical analysis. Calculations include:- Simple Moving Average- Exponential Moving Average- Smoothed Moving Average- Linear Weighted 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 algorithmPhase1 and Phase2 parameters have distinct meanings for different smoothing algorithms.
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 XMA Range Bands
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
This indicator provides a comprehensive set of moving average calculations, offering a versatile tool for technical analysis.
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: Quantora ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.
This indicator provides a comprehensive set of moving average calculations, offering a versatile tool for technical analysis.Also recommended: Bands Stoch RSI Extreme Reversal Signals - similar indicator with strong performance on MetaTrader 5.
Calculations include:
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighted 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
Phase1 and Phase2 parameters have distinct meanings for different smoothing algorithms. For JMA, it's an external phase variable ranging from -100 to +100. For T3, it represents a smoothing ratio multiplied by 100 for visualization. For VIDYA, it's a CMO oscillator period, and for AMA, it's a slow EMA period. These parameters do not affect smoothing in other algorithms. AMA's fast EMA period is fixed at 2, and the ratio of raising to the power is also set to 2.
First implemented in MQL4 and published in 2026, this indicator utilizes the smoothalgorithms.mqh library classes, which should be copied to the terminal_data_folder\mql5\include. The use of these classes is detailed in the referenced article.
Fig.1 illustrates the XMA_Range_Bands indicator.
You may also like: B Bands Psar Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
/*
* for the indicator to work, place the
* smoothalgorithms.mqh
* in the directory: metatrader\\mql5\include
*/
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_chart_window .......
⚠ 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.