Jurik Smooth on Chart Generic Trend MT5 Indicator

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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

MT5 Indicators – Download Instructions

Jurik Smooth on Chart Generic Trend MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Jurik Smooth on Chart Generic Trend MT5 Indicator 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 Jurik Smooth on Chart Generic Trend MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download Jurik Smooth on Chart Generic Trend MT5 Indicator.mq5
  • Copy Jurik Smooth on Chart Generic Trend MT5 Indicator.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 Jurik Smooth on Chart Generic Trend MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Jurik Smooth on Chart Generic Trend MT5 Indicator.mq4 is available on your Chart

How to remove Jurik Smooth on Chart Generic Trend MT5 Indicator.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

Jurik Smooth on Chart Generic Trend MT5 Indicator (Free Download)

Click here below to download:



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