Better DMX Jurik Histogram Indicator Download for MetaTrader 4 - Free - [TFlab]
The Better DMX Juric Histogram Indicator is one of the advanced indicators in MetaTrader 4 that combines the Directional Movement Index (DMX) to simplify and increase the accuracy of market trend analysis.
This oscillator has a colored histogram in its own window, showing trend changes through color changes: green indicates a bullish trend, red indicates a bearish trend.
This indicator consists of two moving averages (MA): a blue moving average (faster) and an orange moving average (slower).
Indicator specifications
The following table summarizes the specifications of this indicator:
| Indicator categories: | MT4 Oscillator Indicator Currency Strength MT4 Indicator Trading Aid MT4 Indicator |
| Platforms: | MetaTrader 4 Indicators |
| Trading Skills: | Intermediate |
| Indicator Types: | Lagging MT4 Indicator Reversal MT4 Indicator |
| Time frame: | Multi Time Frame MT4 Indicators |
| Trading Style: | Intraday MT4 Indicators |
| Trading Tools: | Stocks MT4 Indicators Forward Markets MT4 Indicators Index Markets MT4 Indicators Stock Markets MT4 Indicators Cryptocurrency MT4 Indicators Forex MT4 Indicators |
Overview
Better DMX Jurik histograms simplify data interpretation and serve as an effective tool for detecting the direction of price movements.
By reducing noise and latency, DMX oscillators provide more accurate signals to identify the direction and strength of market trends.
The indicator oscillates within a specific range and highlights overbought and oversold levels, with values above +60 indicating overbought conditions and values below -60 indicating oversold conditions.
Bullish Trend
The chart below shows the USD/CAD currency pair on the H4 time frame. When the blue line crosses the orange line , traders interpret it as a buy signal .
Bearish Trend
The GBP/CHF currency pair on the first half time frame showcases how this indicator behaves in a bearish trend.
After forming a histogram bar in the positive phase (above zero), if the blue line crosses below the red line , traders can interpret this as a sell signal .
Indicator Settings
The following are the detailed settings of Better DMX Jurik Histogram:
- Chart Theme : The background theme of the indicator
- DMX Period : DMX calculation period
- DMX Phase : precision adjustment parameters
- DMX Double : Recalculate DMX value
- Smooth Period : Number of periods for smooth calculation
- Smooth Phase : Apply smooth phase values
- Smooth Double : Apply smoothing value in two steps
- Signal Period : The number of periods calculated by the signal line
- Signal Phase : Adjust the phase value of the signal line
- Signal Double : two-step signal line calculation
- Over Bought : Overbought levels
- Over Sold : Oversold levels
- Look Back : Number of candles used in indicator calculations
Conclusion
This indicator is suitable for all timeframes and financial instruments and offers a high degree of flexibility in its settings, allowing traders to customize it according to their own trading strategies.
It is particularly effective for medium to long-term strategies and performs better in volatile markets.
📦 Download attachments/Download Files
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •