JFatl HT F Baby
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 JFatl HT F Baby
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
The hybrid of digital and analog filters that displays larger timeframe values at a smaller one in a completely minimized way and is located in a separate chart window.
In this case, only direction of the current trend is used from the indicator. It should be noted that since the indicator calculates its values using larger timeframe, it rewrites its readings on the number of bars equivalent to the larger timeframe bar size.
The indicator is calculated the following way:
where:
FATL() - digital filter value;
JMA() - adaptive smoothing algorithm;
PRICE[] - price series value.
bar - current bar index.
Additional JMA smoothing is used to prevent the indicator actuating at each random market movement.
Place the indicator compiled file to the
terminal_data_folder
\MQL5\Indicators\.
JFatl uses CJJMA class of the SmoothAlgorithms.mqh library. Working with that class was described in details in the article .
