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

2013.02.15 09:24
Indicators

JMASlope - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
2581
Rating:
votes: 20
jmaslope.mq5 (7.43 KB)view
\MQL5\Include\

The real author:

Weld and TrendLaboratory

The speed indicator of price change smoothed by the JMA averaging.

The formula for the calculation:

JMASlope[bar] = JMA(Price[bar]) JMA(Price[bar-1])

In some sense it is more sensitive analog of the technical indicator Bill Williams' Awesome Oscillator.

This indicator was first implemented in MQL4 and published in Code Base on 11.10.2007.

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Fig.1 The JMASlope indicator

Fig.1 The JMASlope indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1520

AbsoluteStrengthMarket AbsoluteStrengthMarket

A tape indicator which defines the market state using the AbsoluteStrength indicator

SolarWinds SolarWinds

A typical and sufficiently smooth oscillator which can apply all oscillator analytical instruments

KiS_max_min_Channels KiS_max_min_Channels

The channel drawn on High and Low prices of daily candlesticks

CatFX50 CatFX50

A semaphore arrow signal indicator drawn on the basis of the EMA trend and reversal signals from crossings of the StepSto_v1 oscillator and its signal line