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XPMA TT is a trading algorithm, the calculations of which are based on a modification of the standard Forex Moving Average indicator. The indicator's calculations are aimed at determining the current trend, namely its direction and strength in the current market, this information, in turn, serves to determine the moment of opening a trade. The indicator is presented directly in the main window of the price chart as a solid line that moves in a certain direction and is painted in a certain color depending on the current market conditions. Thus, the values of the XPMA TT indicator determine the direction of the current market movement and allow trading during this period.
The XPMA TT indicator is suitable for trading on any timeframe, with any currency pairs.
Input parameters
There are several sections in the settings of the XPMA TT indicator, each of which affects its general functioning. The Input parameters section is responsible for its technical operation, and the Colors section for its general visualization, including the thickness and color range of its line.
-MAPeriod - the value of the moving average calculation period. The default value is 12.
-Step - step of indicator calculations. The default value is 1.
-Mode - the type of smoothing used by the moving average. The default value is Linear weighted.
-Price - type of the price to which the indicator calculations are applied. By default, it has the Close price value.
-Width - width of the line on the chart. The default value is 2..
-SoundFile - the type of sound that is generated when the indicator signals are received. The default value is news.wav
-AlertBar - the number of bars on which the indicator signal is generated. The default value is 1.
-AlertMessage - Notification parameter in the form of a message in the main window of the price chart. The default value is true.
-AlertsSound - option to sound notification when an alert is received. The default value is true.
-AlertsEmail - Option to receive notification in the form of an e-mail. The default value is false.
-AlertsMobile - setting to notify a mobile device. The default value is false.
Indicator signals
The XPMA TT indicator is very easy to use since its algorithm is based on the use of a moving average. To open a certain trade, it should be taken into account the current trend, which is determined by taking into account the direction and color of the indicator line. If the current market trend is upward, long positions are opened if the downward trend - short positions. In this case, the market trend must be confirmed by the indicator signal. In both cases, when the current trend changes, trades are closed.
Signal for Buy trades:
- The indicator line is directed upwards and has a color with the growth value.
Upon receipt of such a condition on a signal candle, a buy trade can be opened. At this moment, an upward trend is determined in the market. When the trend changes, namely when the opposite conditions are received from the indicator, the current trade should be closed and opening new ones should be considered.
Signal for Sell trades:
- The moving average moves from top to bottom and has a color with a falling value.
A sell trade, due to the presence of a downtrend, can be opened upon receipt of such conditions. When receiving reverse conditions from the indicator, the trade should be closed. At this moment, namely, when the trend changes, the current trade should be closed and a new one should be considered.
Conclusion
The XPMA TT indicator is very accurate, as its calculations are based on the performance of the indicator, the effectiveness of which has been proven over time. To improve the accuracy of the indicator signals, it is recommended to use it with additional indicators, filters and expert advisors.
