XMA Ichimoku

XMA Ichimoku

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Moving average with calculation algorithm equivalent to the one of Ichimoku Kinko Hyo.

Indicator input parameters:

//+-----------------------------------+
//| Indicator input parameters        |
//+-----------------------------------+
input uint Up_period=3;                  // High price calculation period
input uint Dn_period=3;                  // Low price calculation period цены
//----
input MODE_PRICE Up_mode=HIGH;           // Highs searching prices 
input MODE_PRICE Dn_mode=LOW;            // Lows searching prices 
//---- 
input Smooth_Method XMA_Method=MODE_SMA; // Smoothing method
input int XLength=8;                     // Smoothing depth                    
input int XPhase=15;                     // Smoothing parameter
input int Shift=0;                       // Horizontal shift of the indicator in bars
input int PriceShift=0;                  // Vertical shift of the indicator in points

Smoothing algorithms can be selected out of ten possible versions:

  1. SMA – simple moving average;
  2. EMA – exponential moving average;
  3. SMMA – smoothed moving average;
  4. LWMA – linear weighted moving average;
  5. JJMA – JMA adaptive average;
  6. JurX – ultralinear smoothing;
  7. ParMA – parabolic smoothing;
  8. T3 – Tillson’s multiple exponential smoothing;
  9. VIDYA – smoothing with the use of Tushar Chande’s algorithm;
  10. AMA – smoothing with the use of Perry Kaufman’s algorithm.

It should be noted that Phase parameters for different smoothing algorithms have completely different meaning. 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 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 (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

This indicator was first implemented in MQL4 and published in Code Base 19.09.2010.

 

MT5 Indicator – Download Instructions

XMA Ichimoku is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

XMA Ichimoku provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install XMA Ichimoku.mq5?

  • Download XMA Ichimoku.mq5
  • Copy XMA Ichimoku.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on XMA Ichimoku.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator XMA Ichimoku.mq5 is available on your Chart

How to remove XMA Ichimoku.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:

XMA Ichimoku

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