JMACD - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Compared to the standard MACD histogram , JMA smoothing is used for all three averages.
It is very useful, especially when dealing with highly volatile currency crosses.
The indicator uses the CJJMA class of the SmoothAlgorithms.mqh library. The use of this class is described in the article "Average price series for intermediate calculations without using additional buffers" .
JMACD indicator
Attachment download
📎 jmacd.mq5 (7.85 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #434
JMACD - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
JMACD - 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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