DW M A with JM A ribbon
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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
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
