Jurik smooth on chart generic trend
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 Jurik smooth on chart generic trend
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
Basics :
This indicator is using the well known JMA (Jurik Moving Average) to calculate a sort of a generic trend. The way it calculates it :
it calculates the jma of high
it calculates the jma of low
it calculates the jma of close
it calculates the jma of typical price (high+low+close)/3 - the "generic" value (it s not the same as (jma(high)+jma(low)+jma(close))/3 hence the name "generic")
the slope of the "generic" depends on the slopes of the first 3 valuse
if all are sloping up the color of the "generic value is the color for up
if all are sloping down the color of the "generic value is the color for down
otherwise the color of the "generic' is indicating neutral (thus filtering out some potential false signals)
Usage :
You can use the color of the "generic" value as a signal. Also, the colors of the other 3 jmas can be used as early warnings fo potential trend change or reversal
