Unlocking the XMA_BB_Pivot_HTF Indicator for MetaTrader 5

If you're diving into the world of trading with MetaTrader 5, you'll want to check out the XMA_BB_Pivot_HTF indicator. This handy tool features two colored rectangles that display channel levels, providing you with a visual representation of the Bollinger channel values right on your chart—no matter the timeframe you’re trading on.

Indicator Input Parameters:

//+----------------------------------------------+
//| Indicator input parameters                   |
//+----------------------------------------------+ 
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;// Chart period
input Smooth_Method XMA_Method=MODE_SMA_; // Averaging method
input uint XLength=100; // Depth of averaging
input int XPhase=15; // First averaging parameter
//---- 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 int Shift=0; // Horizontal indicator shift in bars
input int PriceShift=0; // Vertical indicator shift in points
//---- Colors of price labels
input color Middle_color=clrBlue;
input color Upper_color1=clrMediumSeaGreen;
input color Lower_color1=clrRed;
input color Upper_color2=clrDodgerBlue;
input color Lower_color2=clrMagenta;

To use this indicator, you’ll need the XMA_BBx5_Cloud.mq5 file. Make sure to place it in your <terminal_data_folder>\MQL5\Indicators directory.

XMA_BB_Pivot_HTF indicator

Fig1. The XMA_BB_Pivot_HTF indicator

Unlocking the XMA_BB_Pivot_HTF Indicator for MetaTrader 5

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