XMA - trend indicator
Assignment XMA indicator same as others moving averages - an indication of the presence of a trend. However, the XMA has its own unique difference: following the price chart in a trend, it has a slanted position, while during a sideways movement the XMA is at rest, drawing a horizontal line.
This fact greatly simplifies the analytical assessment of behavior XMA indicator. The signal for entry is the closing of a candle above or below the indicator line in trend conditions (sloping position of the line). A position should be closed after the price crosses the indicator line or closes outside of it in range conditions (horizontal position of the line).
Comments from FotTrader.ru: we believe that this variant of the moving average is the most convenient and effective in work. Therefore, we recommend XMA indicator for use in commerce.