JMASlope - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Welding and Trend Lab
Price velocity indicator smoothed by JMA average.
Calculation formula:
In a sense, it is a more sensitive analogue of technical indicator Bill Williams' Awesome Oscillator.
The indicator was first implemented in MQL4 and released in the code base on October 11, 2007.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
Figure 1 JMASlope indicator
Attachment download
📎 jmaslope.mq5 (7.43 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #1520
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