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How to work with the Xhmaster formula indicator MT4 and MT5 ? Find xhmaster formula indicator download instructions and a step-by-step guide. The Xmaster Formula Indicator for MT4 has a complex engine combining Moving Averages, RSI, and MACD behind the scenes. But, the output is a clear BUY or SELL arrow trading signal and a BULLISH and BEARISH trend indicator. The indicator is best suited for both new and advanced forex technical traders using any trend following trading strategy. The Xmaster Formula Indicator is a popular trading tool designed to assist traders in making informed decisions in the Forex market. The indicator primarily employs a combination of price action, trend analysis, and support/resistance levels to provide buy and sell signals. The Xmaster Formula Indicator for MT4 is a popular trend-following indicator famous for its reliable buy sell signals. It was desiged to provide comprehensive overview of the market situation, including trend direction, its strength and also exact entry and exit points.