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2015.12.04 10:10

JMACandle - indicator for MetaTrader 5

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votes: 15
jma.mq5 (23.36 KB)view
jmacandle.mq5 (7.29 KB)view

The JMA indicator implemented as a sequence of candlesticks.

Candlesticks appear as a result of relevant price timeseries processed by the JMA algorithm. In many situations, such approach may be more informative for the purpose of analysis.

Fig.1. The JMACandle indicator

Fig.1. The JMACandle indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:


The JMA indicator with the timeframe selection option available in the input parameters.

MomentumCandleSign MomentumCandleSign

A semaphore signal indicator that uses two Momentum indicators, based on Open and Close values of the price series.


The JMA adaptive moving average with additional trend strength indication using colored dots based on the standard deviation algorithm.

Background_JMACandle_HTF Background_JMACandle_HTF

The indicator draws JMACandle indicator candlesticks of a higher timeframe as color filled rectangles using DRAW_FILLING buffers.