jurik smooth on chart generic trend
Info
The jurik smooth on chart generic trend is a Indicator for MetaTrader 5 that 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 highit calculates the jma of lowit calculates the jma of closeit 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 valuseif all are sloping up the color of the "generic value is the color for upif all are sloping down the color of the "generic value is the color for downotherwise 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.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 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.
What this tool does
basics : this indicator is using the well known jma (jurik moving average) to calculate a sort of a generic trend.
Typical Use Case
This Indicator excels in trend following 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: AIS Smoothed Linear Trend Indicator - another powerful indicator for MetaTrader 5 traders.
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 :
Also recommended: heiken ashi smoothed indicator - similar indicator with strong performance on MetaTrader 5.
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
You may also like: smoothed accelerator indicator - 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.