ColorJ2JMAStDev - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This colored J2JMA has an additional trend strength indication using colored points based on the standard deviation algorithm.

If the standard deviation of the ColorJ2JMA indicator is between the dK1 and dK2 parameter values, a small colored dot will appear on the moving average. Its color corresponds to the current trend direction.

 Enter double dK1= 1.5 ; // square law filter coefficient 1
Enter double dK2= 2.5 ; // square law filter coefficient 2

If the standard deviation is higher than the dK2 input parameter value, the point size increases. Therefore, we get 3 levels of trend strength indication.

The ColorJ2JMAStDev indicator uses the CJJMA class from the SmoothAlgorithms.mqh library (copy it to <terminal data folder> \MQL5\include). The use of this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .

Figure 1. ColorJ2JMAStDev indicator

Attachment download

📎 colorj2jmastdev.mq5 (14.86 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #13830