J2JMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

Double adaptive JMA smoothing of moving average price ranges.

The average is calculated as follows:

J2JMA[bar] = JMA(JMA(price[bar]))

Averages show good results on both short-term and long-term trends. It is not recommended to use larger Length2 seconds smoothing depth values. In the latter case, the indicator starts working as a standard JMA average, whose length parameter is equal to the sum of Length1 and Length2.

ColorJ2JMA and J2JMA indicators use the CJJMA class of the SmoothAlgorithms.mqh library (must be placed in the 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" .

Attachment download

📎 colorj2jma.mq5 (7.97 KB)

📎 j2jma.mq5 (7.14 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #431