XTrendless OS: Trendless Oscillator for Market Analysis
Info
The XTrendless OS: Trendless Oscillator for Market Analysis is a Indicator for MetaTrader 5 that xtrendless os is an indicator designed to evaluate the actual market overbought/oversold states. The indicator histogram bars change color when their value exceeds or equals 60%, 80%, and 100% of the overbought/oversold levels.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 XTrendless OS: Trendless Oscillator for Market Analysis
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
XTrendless OS is an indicator designed to evaluate the actual market overbought/oversold states.
Typical Use Case
This Indicator excels in trend following 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: trendless ag - another powerful indicator for MetaTrader 5 traders.
XTrendless OS is an indicator designed to evaluate the actual market overbought/oversold states.The indicator histogram bars change color when their value exceeds or equals 60%, 80%, and 100% of the overbought/oversold levels.
Also recommended: background candle trendless ag ht f - similar indicator with strong performance on MetaTrader 5.
While initially described as a linear chart, interpreting XTrendless OS as a colored histogram where crossing critical levels changes bar color is often more convenient.
Supported smoothing algorithms include:
- 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 using Tushar Chande's algorithm
- Smoothing using Perry Kaufman's algorithm
It is important to note that phase type parameters differ significantly across smoothing algorithms.
For JMA, it is an external phase variable ranging from -100 to +100.
For T3, it is a smoothing ratio multiplied by 100 for improved visualization.
For VIDYA, it is a CMO oscillator period.
For AMA, it is a slow EMA period.
In other algorithms, these parameters do not influence smoothing.
For AMA, the fast EMA period is fixed at 2 by default, and the exponent ratio is also set to 2.
This indicator utilizes classes from the smoothalgorithms.mqh library, which must be copied to the terminal_data_folder\mql5\include directory.
The usage of these classes is detailed in the associated article.
This indicator was first implemented in MQL4 and published on 30.03.2010. It has been updated for 2026.
You may also like: trendless ag sign - excellent alternative for indicator users on MetaTrader 5.
Source Code
/.......
⚠ 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.