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

2011.08.26 11:27

JMACD - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 14
jmacd.mq5 (7.85 KB)view

In contrast with the standard MACD histogram, the JMA smoothing is used in all three averagings.

It can be very useful, especially when working with highly volatile currency crosses.

The indicator uses CJJMA class of the SmoothAlgorithms.mqh library. The use of this class is described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

  • The smoothalgorithms.mqh library must be placed to the terminal_data_folder\MQL5\Include.
  • The jmacd.mq5 indicator must be placed to the terminal_data_folder\MQL5\Indicators.

JMACD indicator

JMACD indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:


RSI indicator applied to MACD clearly shows the current price divergence.


PCCI (Perfect Commodity Channel Index) is a high frequency part of the price fluctuations normalized using the standard deviation.


Moving average indicator based on parabolic approximation of price.

T3Taotra T3Taotra

The fan based on the five T3 moving averages for trend indication.