Xmaster (XHMaster) Formula Free MT4 Indicator Download 2025 [Signals]

The Xmaster Formula Indicator is a combination of the Moving Average and MACD indicators. This tool enhances the ability to identify both the strength and direction of a trend with greater accuracy.

The Xmaster Indicator generates entry signals using two arrows one green and one red and is highly effective for short-term and medium-term analyses, especially in the Forex market. This continuation and reversal indicator is multi-timeframe and applicable to all markets.

What is the Xmaster Formula Indicator in Forex?

The Xmaster Formula Indicator (Xmaster Formula) or “XHMaster” is an analytical tool based on the calculations of overlapping moving averages and oscillating momentum indicators, designed to measure trend strength and identify market phase shifts.

Within the structure of this indicator, a hybrid algorithm is used to calculate the price movement angle, volatility deviation, and momentum oscillator synchronisation, in order to generate confirmation signals within overbought or oversold zones.

The indicator’s output is usually displayed as continuous lines on the chart where green represents a stable bullish phase, and red indicates trend weakness or the beginning of a bearish phase. The Xmaster Formula Indicator is also compatible with TradingView.

A specialist from the TradingFinder development team said:

"Some users mistakenly type XHmaster instead of Xmaster when searching for the indicator. This mistake has caused difficulties for some individuals in finding accurate information. To avoid this confusion, users should ensure they search using the correct name, which is Xmaster."

Xmaster Formula Specifications Table

The specifications table includes general information about the performance of the Xmaster formula indicator:

Xmaster Formula Code

Here is a part of XMaster (XHMaster) formula code for MT4:

      
        //+------------------------------------------------------------------+
//| XMaster Formula |
//| Copyright © tradingfinder.com 2023 -2025 |
//+------------------------------------------------------------------+
#property copyright "tradingfinder.com"
#property link      "https://tradingfinder.com/products/indicators/mt4/"
#property version   "1.05"
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_color1 Lime
#property indicator_color2 Red
#property indicator_color3 Red
#property indicator_color4 Yellow
#property indicator_color5 Yellow

extern bool alert_on = true;
extern bool alert_sound = false;
extern bool alert_email = false;

int fast_period = 40;
int arrow_gap = 200;
int ma_method = MODE_SMMA;
int applied_price = PRICE_LOW;

double red_line[], green_line[], line_buffer[], up_arrow[], down_arrow[];
datetime last_alert;

// Alerts on trend change
void manage_alert(string dir, double tp, double sl, double price) {
   if (Time[0] == last_alert) return;
   last_alert = Time[0];
   string msg = "XMASTER FORMULA " + dir + " Price " + DoubleToStr(price, 4);
   if (tp != 0) msg += ", TakeProfit " + DoubleToStr(tp, 4);
   if (sl != 0) msg += ", StopLoss " + DoubleToStr(sl, 4);
   if (alert_on) Alert(msg + " " + Symbol() + ", " + Period() + " min");
   if (alert_sound) PlaySound("alert.wav");
   if (alert_email) SendMail("Xmaster Formula", msg);
}

int init() {
   IndicatorBuffers(5);
   SetIndexBuffer(0, red_line);     SetIndexStyle(0, DRAW_ARROW); SetIndexArrow(0, 159);
   SetIndexBuffer(1, green_line);   SetIndexStyle(1, DRAW_ARROW); SetIndexArrow(1, 108);
   SetIndexBuffer(2, line_buffer);  SetIndexStyle(2, DRAW_NONE);
   SetIndexBuffer(3, up_arrow);     SetIndexStyle(3, DRAW_ARROW); SetIndexArrow(3, 226);
   SetIndexBuffer(4, down_arrow);   SetIndexStyle(4, DRAW_ARROW); SetIndexArrow(4, 225);
   IndicatorShortName("XMASTER FORMULA");
   return(0);
}

int deinit() { return(0); }

// MA wrapper
double ma_value(int shift, int period) {
   return iMA(NULL, 0, period, 0, ma_method, applied_price, shift);
}

int start() {
   int i, counted = IndicatorCounted();
   if (counted < 0) return (-1);
   int sqrt_period = MathFloor(MathSqrt(fast_period));
   int short_period = MathFloor(fast_period / 1.9);
   int total = Bars - counted + fast_period + 1;
   if (total > Bars) total = Bars;

   double trend_dir[], tmp_ma[];
   ArraySetAsSeries(trend_dir, true); ArrayResize(trend_dir, total);
   ArraySetAsSeries(tmp_ma, true); ArrayResize(tmp_ma, total);

   // Compute double smoothed MA
   for (i = 0; i < total; i++)
      trend_dir[i] = 2.0 * ma_value(i, short_period) - ma_value(i, fast_period);
   for (i = 0; i < total - fast_period; i++)
      line_buffer[i] = iMAOnArray(trend_dir, 0, sqrt_period, 0, ma_method, i);

   // Detect trend direction and signal
   for (i = total - fast_period; i > 0; i--) {
      tmp_ma[i] = tmp_ma[i + 1];
      if (line_buffer[i] > line_buffer[i + 1]) tmp_ma[i] = 1;
      else if (line_buffer[i] < line_buffer[i + 1]) tmp_ma[i] = -1;

      if (tmp_ma[i] > 0) {
         red_line[i] = line_buffer[i];
         green_line[i] = EMPTY_VALUE;
         if (tmp_ma[i + 1] < 0  i == 1)
            manage_alert("UP Buy", 0, Close[1] - arrow_gap * Point, Close[1]);
      } else if (tmp_ma[i] < 0) {
         green_line[i] = line_buffer[i];
         red_line[i] = EMPTY_VALUE;
         if (tmp_ma[i + 1] > 0  i == 1)
            manage_alert("DOWN Sell", 0, Close[1] + arrow_gap * Point, Close[1]);
      }
   }

   // Show yellow arrow at signal transition
   for (i = 0; i < total - 1; i++) {
      if (green_line[i + 1] == EMPTY_VALUE  green_line[i] != EMPTY_VALUE)
         up_arrow[i] = green_line[i];
      if (red_line[i + 1] == EMPTY_VALUE  red_line[i] != EMPTY_VALUE)
         down_arrow[i] = red_line[i];
   }
   return(0);
}
      
    

Advantages and Disadvantages of the Xmaster Formula Indicator

Focusing on signal efficiency, accuracy in volatile conditions, and reliability across different timeframes are the main features of this indicator.

The table below shows the advantages and disadvantages of the Xmaster Formula Indicator:

How the Xmaster Formula Indicator Works in MetaTrader 4?

The Xmaster Formula Indicator is designed based on market direction and momentum analysis, processing price behaviour in real time through a combination of filters.

Its operational structure is step-based and algorithmic, enabling the detection of trend changes with minimal delay. You can find more information about Xmaster tuturial and guidelines in the infography below:

Initial Volatility Mapping

The indicator first measures the range of recent market fluctuations and sets the average range of price changes as the calculation reference.

Adaptive Moving Gradient Calculation

At this stage, the slope of price movement is calculated using live weighted averages. If the movement angle exceeds the defined threshold, the indicator records a phase change (from bearish to bullish or vice versa).

Noise Filtering

To prevent false signals, abnormal data from short-term spikes are removed using standard deviation filters.

Trend Structure Alignment

The indicator aligns the dominant market direction with the latest medium-term movement data to avoid issuing counter-trend signals.

Signal Visualization

The final result is displayed in colour on the chart:

• Green: Bullish phase or positive momentum
• Red: Bearish phase or trend weakness
• Yellow or grey: Neutral zone or price consolidation

In summary, Xmaster combines direction, momentum, and volatility deviation analysis to convert current market conditions into simple, understandable signals.

Trading Strategy Using the Xmaster Formula Indicator

The trading strategy based on the Xmaster Formula Indicator is designed around aligning trend, momentum, and technical confirmation signals.

In this method, the overall market direction is first determined through a trend filter (such as an adaptive moving average) to avoid entering trades against the main trend.

Then, the trader enters a position only when the signal from Xmaster aligns with the current trend direction and is confirmed by an indicator such as the Relative Strength Index (RSI).

For risk management, the stop loss is placed behind the most recent price reversal zone to protect against short-term fluctuations.

Profit targets, depending on the trader’s style, can be set based on a fixed risk-to-reward ratio, support and resistance levels, or a trailing stop.

This analytical structure allows traders to enter the market only when the trend, momentum, and indicator signals converge in the same direction, increasing accuracy and consistency of results.

No-Repaint Signal in the Xmaster Formula Indicator

One of the main advantages of the Xmaster Formula Indicator is its no-repaint structure. In this indicator, signals do not change or disappear once they appear on the chart.

This feature ensures that indicator data remain stable, especially in situations requiring real-time decision-making.

The non-repaint nature of this tool allows for more precise real-time analysis of price behaviour and prevents errors caused by signal changes in the past.

Therefore, traders can determine entry and exit points with greater confidence based on the indicator’s stable data.

Combining this feature of Xmaster with confirmation indicators such as RSI or Moving Averages enhances analysis accuracy and reduces the likelihood of false signals.

This approach transforms decision-making from a reactive process into one based on multiple confirmations.

Download and Install the Xmaster Formula Indicator

To download and install the Xmaster Formula Indicator from the Trading Finder website, first visit the site and navigate to the Indicators section. Then, select the Xmaster Formula Indicator from the list. After that, you can freely download and access other available versions of the Xmaster Formula Indicator:

• Xmaster Formula Indicator in MetaTrader 5 version
• Xmaster Formula Indicator in TradingView version

Best Method for Trading with the Xmaster Formula Indicator

The Xmaster Formula Indicator performs best when used as part of a complete strategy with supporting tools. It works well for identifying entry points and confirming trends.

Combining it with 50- or 200-period moving averages to align with the main trend, and using RSI to detect overbought and oversold zones, improves decision-making accuracy.

It is also essential to follow risk management principles, including setting stop loss based on recent highs and lows and adjusting position size according to market volatility.

Before using it on a live account, backtesting and demo testing are recommended for parameter optimization.

History of the Xmaster Formula Indicator (2020–2025)

Over the past few years, the Xmaster Formula Indicator has evolved from a simple trend detection indicator tool into a high-precision, multi-purpose analytical system.

The 2020–2025 period can be considered the phase of technical development and the establishment of its position among market volatility and direction analysis tools.

2020

During this period, many traders used the indicator for detecting short-term trends and reversal points.

Its computational core was reconstructed by combining advanced moving averages and volatility-adjusted algorithms to provide faster market reactions.

2021

In 2021, to reduce false signals in ranging markets, a version with adaptive smart filters was introduced.

These filters identified consolidation zones, eliminated unconfirmed signals, and increased indicator stability under volatile conditions.

2022

In newer versions, the indicator’s computational structure was redesigned to increase signal accuracy during trending phases. However, overall performance still depends on sensitivity settings and the type of asset traded.

2023

In 2023, manual adjustment of key parameters such as sensitivity, volatility threshold, and signal delay filter was added.

These improvements turned Xmaster from a static indicator into a dynamic and adaptive tool compatible with various market conditions.

2024

In 2024, developers focused on controlling the indicator’s behaviour in low-volatility markets. The addition of signal stabilizers and whipsaw control improved output accuracy during corrective phases.

2025

The latest versions in 2025 were redesigned to enhance signal accuracy, stability during rapid fluctuations, and reduce computational errors.

Common Mistakes in Using the Xmaster Formula Indicator

Many traders make mistakes when using Xmaster that can significantly reduce analytical accuracy. The most common mistakes when using the Xmaster Formula Indicator include:

• Using it independently: Relying solely on indicator signals without confirmation tools such as RSI or EMA increases the occurrence of false signals;
• Not adjusting parameters according to market type: The default sensitivity level is not suitable for all conditions. In volatile markets, sensitivity should be reduced to minimize noise; in calm markets, it should be increased;
• Ignoring higher timeframes: Analysing only short timeframes (such as M1 or M5) without considering higher timeframes can result in trades against the main trend;
• Ignoring stop loss and risk management: Relying only on buy or sell signals without risk control can cause significant losses during sudden reversals;
• Not performing backtesting and practice: Using the indicator without analysing its past performance or testing it on a demo account leads to decisions based on incomplete data.

Main Components of the Xmaster Formula Indicator

The Xmaster Formula Indicator operates by combining several technical signals into a single, simple, and unified visual display. Instead of analyzing multiple charts and tools separately, this indicator provides a hybrid system that centrally shows the market trend direction and potential entry or exit zones.

• Exponential Moving Average (EMA): Helps identify the current market trend and crossover points between averages;
• Moving Average Convergence Divergence (MACD): Measures market momentum and the likelihood of trend reversal;
• Relative Strength Index (RSI): Indicates overbought or oversold conditions;
• Stochastic Oscillator: Adds an additional layer of momentum confirmation;
• Bollinger Bands: Detect market volatility and potential breakout zones.

The integration of these tools forms a system capable of displaying:

• Green dotted lines that indicate bullish signals;
• Red dotted lines that represent bearish signals;
• Yellow signal arrows highlighting potential entry and exit points.

Indicator Overview

This indicator visually displays trend direction using green and red arrows, A green arrow indicates price uptrend, A red arrow signals a price downtrend.

Traders can use these arrows to determine entry points for their trades.

Buy Signal in Bullish Trend

The price chart of Gold (XAU/USD) on the 4-hour timeframe is shown below.

The green arrow signals an uptrend and trend reversal. In such conditions, traders can use the green arrow as an Entry Signal and open a Buy position.

Sell Signal in Bearish Trend

The price chart below shows the USD/JPY currency pair on the 5-minute timeframe.

The red arrow signals a trend reversal and indicates a downtrend, providing a Sell position opportunity for traders.

Indicator Settings

The provided image shows the default settings of the Formula XMaster (XHMaster) indicator:

• Chart-theme: Chart theme
• Alert-on: Enable alerts
• Alert-sound: Sound alert
• Alert-email: Email alert

Xmaster vs XHMaster Formula Indicator

Both indicators are designed to generate buy and sell signals, but they cater to two different groups of traders. The XHMaster Indicator, in addition to being an upgraded version of Xmaster, represents a major evolution in its structure and functionality.

Although these two tools are often mentioned together, they differ in features, platform compatibility, and intelligence level.

Which One Is Better for Trading?

If you are at the beginning of your trading journey and have just entered the Forex or crypto markets, the Xmaster Formula Indicator can be a better option to start with.

It is designed to display buy and sell signals directly on the chart without requiring complex configurations or advanced technical analysis knowledge. When to Choose Xmaster Formula:

• You are a complete beginner
• You want a simple, affordable, and easy-to-understand tool for basic trading
• You acknowledge the possibility of repainting and manage risk carefully

If you have more trading experience and are looking for a smarter, more accurate, and reliable system, the XHMaster Formula Indicator is the right choice. When to Choose XHMaster Formula:

• You have trading experience
• You want to eliminate market noise using intelligent filters
• You trade assets such as gold, indices, or cross-currency pairs
• You need real-time alerts and notifications

Conclusion

The Xmaster Formula Indicator combines two widely used indicators to help traders identify entry and exit points, trend direction through green and red arrows. This tool is particularly useful for day traders and swing traders.

This tool is useful for both day traders and swing traders, and due to its non-repaint structure, it provides stable and reliable signals under various market conditions.