The Bollinger Bands is calculated by subtracting the 20-period EMA from the 38-period EMA and then multiplying the result by 2. 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?
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