Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2015.12.04 10:10
Indicators

JMACandle - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
1177
Rating:
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: https://www.mql5.com/ru/code/14186

JMA_HTF JMA_HTF

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.

JMA_StDev JMA_StDev

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.