XMACandles - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
XMA indicator in candle form.
Candlestick charts appear as a result of correlated price time series processed by smoothing algorithms. In many cases, this approach may provide more information for analytical purposes.
The indicator uses SmoothAlgorithms.mqh library class (copy it to
Figure 1. XMAC Candlestick Indicator
Attachment download
📎 SmoothAlgorithms.mqh (130.2 KB)
📎 XMACandles.mq5 (13.93 KB)
Source: MQL5 #16628
XMACandles - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
XMACandles - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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