dw m a with jm a ribbon
Info
The dw m a with jm a ribbon is a Indicator for MetaTrader 5 that description : long time ago one trader was using the combination of dwma (double weighted moving average) crosses with jma (jurik moving average) for signals. as a logical step forward, one indicator that can manage the combination of those two indicators was made.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use dw m a with jm a ribbon
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
description : long time ago one trader was using the combination of dwma (double weighted moving average) crosses with jma (jurik moving average) for signals.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: SMC Order Block Detector with Alert for MT5 - another powerful indicator for MetaTrader 5 traders.
description :
long time ago one trader was using the combination of dwma (double weighted moving average) crosses with jma (jurik moving average) for signals. as a logical step forward, one indicator that can manage the combination of those two indicators was made. both (dwma and jma) are very smooth indicators, and that combination tends to produce acceptable number (ie : not too much) signals
Also recommended: SAX Forecaster: Predictive Market Analysis with Symbolic Strings - similar indicator with strong performance on MetaTrader 5.
usage :crosses of the two indicators are used as trading signals. since they are different types of averages, be carefull what combination of periods are used, since some can produce illogical results. with correct settings, the crosses seem to be useful
You may also like: Breakout Distance - Donchian Channel with Distance-to-Trigger Panel in ATR Units - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.