Xmaster Formula Indicator MT5
Platform: MT5 Type: Trend Last update: January 12, 2025The Xmaster Formula Indicator for MT5, often referred to as the xhmaster formula, provides bi-colored dashed line showing trends with directions. Although it shares the same name, it is quite different from the original version, which was very popular and released for the previous metatrader platform. Let’s check its performance.
How to trade with the xmaster formula indicator in mt5?
After activation, the indicator displays green and red stripes that together form an oscillator-like line. Most importantly, these color-coded readings do not repaint. Just as its name implies, this trading maestro crafts a symphony and offers a harmonious guide to entering and exiting trades seamlessly.
As a rule of thumb, consider a long trade when a line color changes to green and starts going up as this suggests an upward move. Similarly, consider a short trade when the line changes to red and starts trending downward, indicating a potential downward move in the market. From time to time, you may notice brief periods of discontinuity in the xhmaster line, which simply indicate trend indecision.
The following charts show examples of long and short trades.
What are the differences between this and original version?
The comparison table below explains the similarities and main differences best.
| Feature | Current | Original |
|---|---|---|
| Platform | MetaTrader 5 | MetaTrader 4 |
| Signal Format | Dashed Line | Dotted Line |
| Buy/Sell Arrows | No | Yes |
| Period | Customizable | Fixed |
| Nickname | xhmaster formula | xhmaster formula |
| Released In | 2023 | 2010 |
Available settings
The indicator offers two input settings: ‘Bars to Analyze’ and ‘Period.’ While the purpose of the first is straightforward, let’s focus on the second.
The ‘Period’ setting controls the indicator’s sensitivity. Lower values result in higher sensitivity, while higher values reduce it. For instance, setting the period to 10 makes the readings highly sensitive, generating signals that are well-suited for scalping. Conversely, a value of 100 provides longer-term signals, making it more appropriate for swing trading.
Bottom line
New iteration of xmaster formula is still solid and reliable trend-following indicator and can be considered as a worthy successor.
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Interesting, but I've impression it's pretty different than mt4 version?
