J2 JM A
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 J2 JM A
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
with the double adaptive JMA smoothing of a price range.
The average is calculated the following way:
where:
JMA() - adaptive smoothing algorithm;
PRICE[] - price series value;
bar - current bar.
The average shows good results on short- and long-term trends. It is not recommended to use big values of the Length2 second smoothing depth. In the latter case the indicator starts working as a standard JMA average having the Length parameter equal to the sum of Length1 and Length2.
ColorJ2JMA and J2JMA indicators use the CJJMA class of the SmoothAlgorithms.mqh library (must be placed to the
terminal_data_folder
\MQL5\Include). The use of the class was thoroughly described in the article .
