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:
JFATL[bar] = JMA(FATL(PRICE[bar]))
where:
- FATL() – FATL digital filter value;
- JMA() – 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 JFatl 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 “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
MT5 Indicators – Download Instructions
JFatl HTF Baby – indicator for MetaTrader 5 is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
JFatl HTF Baby – indicator for MetaTrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install JFatl HTF Baby – indicator for MetaTrader 5.mq5 to your MetaTrader 5 Chart?
- Download JFatl HTF Baby – indicator for MetaTrader 5.mq5
- Copy JFatl HTF Baby – indicator for MetaTrader 5.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on JFatl HTF Baby – indicator for MetaTrader 5.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator JFatl HTF Baby – indicator for MetaTrader 5.mq4 is available on your Chart
How to remove JFatl HTF Baby – indicator for MetaTrader 5.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
JFatl HTF Baby – indicator for MetaTrader 5 (Free Download)
Click here below to download:
