In this indicator Momentum values are smoothed using the JMA smoothing algorithm for signals filtration and display of a trend.
As a result, it is now possible to indicate a trend using the indicator line coloring.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/461
This indicator paints the candlesticks in different colors depending on a trend power and direction.LeManSignal
The indicator shows market entry points as colored dots. Signal dots locations can indicate the levels for setting a protective Stop Loss or a new Trailing Stop position.