Davit Kvaratskhelia
Writer: Davit Kvaratskhelia
Eda Kaya
Reviewer: Eda Kaya
Published:
Modified:
339

Xmaster Formula Indicator for MetaTrader 4 Download –TradingFinder]

TradingViewMetaTrader4MetaTrader5
$4FreeFor a limited time
Categories:
MetaTrader 4 Indicators, Indicators, Volatility Indicators for MT4, Bands & Channels Indicators for MT4, Oscillators Indicators for MT4
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Xmaster Formula Indicator for MetaTrader 4 Download –TradingFinder]
Xmaster Formula Indicator for MetaTrader 4 Download –TradingFinder] 0
Xmaster Formula Indicator for MetaTrader 4 Download –TradingFinder] 1
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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.

TheXmaster Metatrader 4 Indicatorprovides Entry Signals for traders using green and red arrows.

Xmaster Formula Specifications Table

The specifications table includes general information about the performance of the Formula X Master indicator:

Category

Volatility - Bands and Channels - Oscillator

Platform

MetaTrader 4

Skill Level

Beginner

Indicator Type

Continuation - Reversal

Timeframe

Multi Timeframe

Trading Style

Intraday Trading

Markets

All Markets

Uptrend Conditions

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.

Bullish Trend Conditions
The continuation indicator of Formula X Master is in an uptrend

Downtrend Conditions

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.

Bearish Trend Conditions
Returning indicator and continuation of the X Master formula in a downward trend

Indicator Settings

The provided image shows the default settings of the Formula X Master indicator:

Indicator Settings
Xmaster Formula Indicator Settings
  • Chart-theme: Chart theme
  • Alert-on: Enable alerts
  • Alert-sound: Sound alert
  • Alert-email: Email alert

Conclusion

The Xmaster Formula Indicator combines two widely used indicators to help traders identify entry, exit points, and trend direction through green and red arrows.

This tool is particularly useful for day traders and swing traders.

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FAQs

Does this indicator provide entry signals?

Yes, this indicator provides entry zones using green and red arrows.

Does this indicator only show entry points?

No, one of the key features of this indicator is its ability to identify trends.

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