XMA JJRSX System Indicator

Related: self-aware trend system (sats) for mt5 - another powerful indicator for MetaTrader 5 traders.

This indicator provides alerts and signals for making deals using large colored dots and arrows on a chart.

Also recommended: currency exposure monitor for systemic risk management - similar indicator with strong performance on MetaTrader 5.

The indicator is based on comparing the signals of oscillator and XMA moving average working on different timeframes - the current (chart timeframe) and the higher ones respectively.
For the colored arrows, XMA indicator trading signals from the higher timeframe are transferred, while trend reversal signals of JJRSX oscillator are transferred from the current timeframe. For colored dots, trend reversal signals from XMA indicator are analyzed. Colored arrows are signals for the market entry, while colored dots are signals for the market exit.
For example, if the lime colored up arrow appears, then a long position must be opened. As soon as the red dot appears, this position must be closed. The same procedure is used for short positions, though the magenta arrow and the green dot are applied. It is possible to open and close positions by the signals from colored dots, while using colored arrows for adding to already existing positions.
Smoothing algorithm can be changed for XMA moving average:
- Simple moving average;
- Exponential moving average;
- Smoothed moving average;
- Linear weighted moving average;
- JMA adaptive average;
- Ultralinear smoothing;
- Parabolic smoothing;
- Tillson's multiple exponential smoothing;
- Smoothing with the use of Tushar Chande's algorithm;
- Smoothing with the use of Perry Kaufman's algorithm.
It should be noted that phase parameter has completely different meaning for different smoothing algorithms. For JMA it is an external phase variable changing from -100 to +100. For T3 it is a smoothing ratio multiplied by 100 for better visualization, for Vidya it is a CMO oscillator period and for AMA it is a slow EMA period. In other algorithms, these parameters do not affect smoothing. For AMA, fast EMA period is a fixed value and is equal to 2 by default. The ratio of raising to the power is also equal to 2 for AMA.
Compiled files of XMA and JJRSX indicators must be placed in the terminal_data_folder\mql5\indicators\. The indicators use SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\mql5\include).
Indicator input parameters are divided into three groups: display parameters of the indicator itself, XMA and JJRSX indicators parameters.

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#property copyright "robotfx"
#property link "https://robotfx.org"
#property version   "1.00"
#property indicator_chart_window
#property indicator_buffers 4 
#property indicator_plots   4
#define reset 0                           // the constant for getting the command for the indicator recalculation back to the terminal
#define indicator_name "xma jjrsx system" // the constant for the indicator name
#property indicator_type1   draw_arrow
#property indicator_color1  magenta

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• 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.