3XMA_Iсhimoku - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator consists of three moving averages and its calculation principle is taken from Takashi Ichimoku Kaneko .

Several slow moving averages with different periods form a cloud, the color of which corresponds to the direction of the trend. The use of this indicator is almost identical to the Ichimoku indicator.

Indicator input parameters<:

//+------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------+
Input unit last period 1= 3 ; // Period 1 for calculation of the highest price
Input unit DN_Period 1 = 3 ; // Period 1 for lowest price calculation
Input unit last period 2= 6 ; // Period 2 for calculation of the highest price
Input unit DN_Period 2 = 6 ; // Period 2 for minimum price calculation
Input unit last period 3= 9 ; // Period 3 for calculation of highest price
Input unit DN_period3= 9 ; // Period 3 for minimum price calculation
//----
Enter MODE_PRICE Up_mode1=High; // Price type 1 is used to find high points
Enter MODE_PRICE Dn_mode1=Low; // Price type 1 is used to find lows
Enter MODE_PRICE Up_mode2=High; // Price type 2 is used to find highs
Enter MODE_PRICE Dn_mode2=Low; // Price type 2 is used to find lows
Enter MODE_PRICE Up_mode3=High; // Price type 3 is used to find highs
Enter MODE_PRICE Dn_mode3=Low; // Price type 3 is used to find the lowest point
//----
Enter Smooth_Method XMA1_Method= mode_SMA ; // Smoothing method 1
Enter Smooth_Method XMA2_Method= mode_SMA ; // Smoothing method 2
Enter Smooth_Method XMA3_Method= mode_SMA ; // Smoothing method 3
//----
Input integer X length 1 = 8 ; // Smoothing depth 1
Input integer X length 2 = 25 ; // smoothing depth 2
Input integer X length 3 = 80 ; // Smoothing depth 3
Input integer X phase = 15 ; // Smoothing parameter
Enter integer shift 1 = 0 ; // horizontal movement of indicator 1 (in bars)
Enter integer Shift2= 0 ; // Horizontal movement of indicator 2 (in bars)
Enter integer Shift3= 0 ; // Horizontal movement of indicator 3 (in bars)

The smoothing algorithm can be chosen from ten possible versions:

It should be noted that the Phase parameters of different smoothing algorithms have completely different meanings. For JMA, it is an external phase variable that varies from -100 to +100. For T3, it is the smoothed ratio multiplied by 100 for better visualization; for VIDYA, it is the CMO oscillation period; for AMA, it is the slow EMA period. In other algorithms, these parameters do not affect smoothing. For AMA the fast EMA period is a fixed value, equal to 2 by default. For AMA, the ratio of raised powers is also equal to 2.

Place the XMA_Ichimoku.mq5 indicator compiled file into MQL5\Indicators\.

The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

Attachment download

📎 3xma_ichimoku.mq5 (11.1 KB)

📎xma_ichimoku.mq5 (9.33 KB)

📎 smoothalgorithms.mqh (134.03 KB)

Source: MQL5 #735