Then, it repeats the process for the remaining periods to generate the MA. The indicator calculates the 10-period exponential moving average (EMA), 20-period EMA, 38-period EMA, Bollinger Bands (20, 2), MACD (12, 26, 9) and Stochastic Oscillator (5, 3, 3).įor its calculations, the XMASTER calculates the EMA, adds the closing price of the asset for the given period and subtracts the closing price from the previous period. Image source: MT4 trading platformĪs mentioned above, the XMASTER forex indicator is a formula-based system that uses a combination of technical indicators to identify the price movements of assets. XMASTER Formula Forex No Repaint Indicator in action. How to Use the XMASTER Formula Forex No Repaint Indicator? From third-party websites - Click the XMASTER formula forex no repaint indicator download link to get a working copy.The indicator is typically accessible from the download section of your trading account. ![]()
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