Color Smooth Volume - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
In this indicator, the momentum values are smoothed using the following formula . The JMA smoothing algorithm is used for signal filtering and trend display.
Therefore, it is now possible to use indicator line colors to indicate trends.
Attachment download
📎 colorjmomentum.mq5 (11.04 KB)
📎 jmomentum.mq5 (7.21 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #461
Color smoothing volume - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Color smoothing volume - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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