Trend indicator of the popular BrainTrend1 trading system with preliminary price timeseries smoothing.
JMA smoothing allows to considerably lessen the amount of false signals. Such intervals are now perceived by the system as flat ones. The system sensitivity to the market volatility can now be managed by "Length_" parameter. Compared with conventional BT1, the new indicator is a more reliable system, that can even be called a trend tracking system.
Author: Nikolay Kositsin