JBrainTrend1Stop - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

The indicator builds stop loss levels based on BrainTrend1 trading system data and preliminary price time series smoothing.

Many traders have difficulty using the standard BrainTrend1Stop (BT1S) because it gives many false signals. To solve this problem, it is necessary to use filters and load the chart with additional indicators. In this indicator, this problem is solved with the help of price time series used in the calculation of the JMA smoothed indicator.

As a result, the indicator becomes more stable. JMA smoothing can significantly reduce the number of false signals. The system now treats such intervals as flat intervals. The system's sensitivity to market fluctuations can now be managed via the "Length_" parameter. The new indicator is a more reliable system compared to the traditional BT1S. It could even be called a trend following system.

Place the JMA.mq5 indicator compiled file into MQL5\Indicators.

Attachment download

📎 jma.mq5 (22.49 KB)

📎 jbraintrend1stop.mq5 (11.96 KB)

Source: MQL5 #758