What is GMXMA?
GMXMA is an MT4 signal tool that prints arrows from Bollinger Bands and a GMMA. The original describes eight moving averages arranged in parallel.
A GMMA normally uses twelve exponential moving averages, and the original notes that this tool uses eight instead. The SMA_Period setting adjusts the period of the Bollinger Bands.
How to use GMXMA
Arrows appear when price leaves the Bollinger Bands and then comes back inside them. The original notes that the RSI filter keeps the overall count of signals low.
Signals are also shown while the GMMA is producing a clean trend and volatility is present. The Deviation setting adjusts the deviation applied to the bands.
Where it helps
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| SMA_Period | Sets the period of the Bollinger Bands. |
| Deviation | Sets the deviation applied to the Bollinger Bands. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
