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2012.12.07 10:13
Indicators

ColorXOSMA_HTF - indicator for MetaTrader 5

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colorxosma.mq5 (9.98 KB)view
\MQL5\Include\

A standard version of the XOSMA indicator which can be placed in a fixed timeframe on a value different from chart timeframe where the averaging algorithms of the histogram and signal line can be changed by choosing one of ten possible variants:

  1. SMA - simple Moving Average;
  2. EMA - exponential Moving Average;
  3. SMMA - smoothed Moving Average;
  4. LWMA - linear weighed Moving Average;
  5. JJMA - adaptive averaging JMA;
  6. JurX - ultralinear averaging;
  7. ParMA - parabolic averaging;
  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 Phase1 and Phase2 parameters have a completely different meaning for different smoothing algorithms. 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 the VIDYA it is a CMO oscillator period and for the AMA it is a slow EMA period. In other algorithms these parameters do not affect on averaging. For AMA fast EMA period is a fixed and equal to 2 by default value. The ratio of raising to the power is also fixed on 2 for AMA.

The color of the histogram changes depending on the current market situation.

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".

Place the ColorXOSMA.mq5 indicator to the terminal_data_folder\MQL5\Indicators.

Fig.1 The ColorXOSMA_HTF indicator

Fig.1 The ColorXOSMA_HTF indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1130

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