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XMA BB Pivot Indicator for MetaTrader 5 Platform

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Introduction:

XMA_BB_Pivot Indicator For MetaTrader5 Platform.

Two colored filled rectangles drawn between the values ??of two Bollinger channels on one bar.

Indicator input parameters:

//+————————————————+
//| Indicator input parameters |
//+————————————————+
input string Symbols_Sirname=”XMA_BB_Pivot_”; // Name for the indicator labels
input Smooth_Method XMA_Method=MODE_SMA_; // Method of averaging
input uint XLength=100; // Depth of averaging
input int XPhase=15; // First averaging parameter,
3//—- for JJMA within the range of -100 … +100, it influences the quality of the transition process;
//—- for VIDIA it is a CMO period, for AMA it is a slow average period
input double BandsDeviation1=2.0; // Deviation 1
input double BandsDeviation2=4.0; // Deviation 2
input Applied_price_ IPC=PRICE_CLOSE_; // Price constant
input color Up_Color=clrAquamarine; // The color of the upper band
input color Dn_Color=clrPlum; // The color of the lower band
input uint SignalBar=0; // Bar index to get the indicator values
input uint SignalLen=40; // The length of the indicator bands
The indicator uses SmoothAlgorithms.mqh library classes (copy it to <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.
Installation:

1. Copy “XMA_BB_Pivot.mq5” file to C:/Program Files/MetaTrader5/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “XMA_BB_Pivot.mq5” to the
chart of any currency pair.

Click to Download: XMA_BB_Pivot

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