XRSX BB HTF
Info
The XRSX BB HTF is a Indicator for MetaTrader 5 that the main difference of this indicator from its standard equivalent is the ability to change the smoothing algorithm by selecting from ten available options:- 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 algorithmeach smoothing algorithm interprets the phase parameter differently. For JMA, it's an external phase variable ranging from -100 to +100.
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 XRSX BB HTF
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 main difference of this indicator from its standard equivalent is the ability to change the smoothing algorithm by selecting from ten available options:- 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 algorithmEach smoothing algorithm interprets the phase parameter differently.
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: power system - another powerful indicator for MetaTrader 5 traders.
The main difference of this indicator from its standard equivalent is the ability to change the smoothing algorithm by selecting from ten available options:Also recommended: Median Indicator - similar indicator with strong performance on MetaTrader 5.
- 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
Each smoothing algorithm interprets the phase parameter differently. For JMA, it's an external phase variable ranging from -100 to +100. For T3, it's a smoothing ratio multiplied by 100 for visualization. For VIDYA, it's a CMO period, and for AMA, it's a slow EMA period.
AMA's fast EMA period is fixed at 2, and the ratio of raising to the power is also 2. The indicator's signals may vary based on the chosen smoothing method. Overbought/oversold levels are dynamically adjusted for better accuracy.
The indicator utilizes the smoothalgorithms.mqh library classes, which should be copied to terminal_data_folder\mql5\include. For usage details, refer to the article .
Place the xrsx_bb indicator in terminal_folder\mql5\indicators.
You may also like: double smoothed stochastic - 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
* xrsx_bb.mq5 in the directory: metatrader\\mql5\indicators
*/
#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_separate_window
#property indicator_buffers 9.......
⚠ 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.