The indicator building Stop Loss levels lines according to BrainTrend1 trading system data 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 BT1S, the new indicator is a more reliable system. It can even be called a trend tracking system.
Author: Nikolay Kositsin
newdigital, 2013.08.13 09:00
Jurik BrainTrend is related to the following indicators
As we see - original Braintrend is more simple to trade but many false signals. Jurik BrainTrend is more complicated but less false signals.