ColorXOSMA for MT5

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    Kiaria Yoshida
    Keymaster

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

    SMA – simple Moving Average;
    EMA – exponential Moving Average;
    SMMA – smoothed Moving Average;
    LWMA – linear weighed Moving Average;
    JJMA – adaptive averaging JMA;
    JurX – ultralinear averaging;
    ParMA – parabolic averaging;
    T3 – Tillson’s multiple exponential smoothing;
    VIDYA – smoothing with the use of Tushar Chande’s algorithm;
    AMA – smoothing with the use of Perry Kaufman’s algorithm.

    It should be noted that Phase1 and Phase2 parameters have 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 smoothing. For AMA fast EMA period is a fixed value and is equal to 2 by default. The ratio of raising to the power is also equal to 2 for AMA.

    The color of the histogram and the signal line is changed depending on the current market situation.

    ColorXOSMA for MT5

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