JFatlAcceleration_HTF - MetaTrader 5 Script - MT4/MT5 Resources

This indicator shows the direction of acceleration as JFatl accelerates price from a larger time frame to a smaller time frame.

Furthermore, the indicator gives an alert on the current direction of acceleration on every change of the large timeframe bar. Two arrow colors are used for acceleration display. If the acceleration is positive and rising, the color of the upward arrow is lime. If the acceleration is positive but decreasing, the arrow color is yellow. The opposite case is also defined by the arrow color. If the acceleration is negative and falling, the down arrow is red in color. If the acceleration is negative but rising, the arrow color is magenta.

It is important to note that this indicator does not show the current trend direction, but only its second derivative or acceleration. Therefore, it is better to filter it using trend indicators.

Place the ColorJFatl acceleration indicator compiled file into the MQL5\Indicators folder. The ColorJFatlAcceleration indicator uses classes of the SmoothAlgorithms.mqh library. How to use this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .

Attachment download

📎 colorjfatlacceleration.mq5 (9.25 KB)

📎 jfatlacceleration_htf.mq5 (13.51 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #580