The Xmaster Formula forex indicator for MT5 has a complex mechanism that combines moving averages, RSI, and MACD behind the scenes. But the result is a clear trade signal with BULLISH and BEARISH trend signals.
The indicator best suits new and advanced technical forex traders using any trend-following trading strategy. The indicator works well on all timeframes of intraday charts, as well as daily, weekly, and monthly charts. In addition, the Forex indicator is free to download and easy to install.
Conclusion
The Xmaster Formula Indicator For MT5 is a trend-following indicator, providing the best results for those who follow the trend. The simplicity of the indicator with colored dots helps every trader look for less cluttered price charts. However, it would help to consider the proximity of BUY and SELL arrow trading signals to any established trend lines, support or resistance zones, and channels. Moreover, forex traders can download the indicator for free and install it easily.
