DWMA and JMA Oscillators - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
A long time ago, a trader used DWMA (Double Weighted Moving Average) and JMA (Jurik Moving Average) crossover signals. As a logical step forward, one could manage to combine these two indicators. Both (DWMA and JMA) are very smooth indicators, and this combination tends to produce an acceptable number of resulting (ie: not too many) signals. This version extends the idea and makes an oscillator of the proposed system - this way it might be a little easier to use the indicator
The crossing of the zero line can be used as a trading signal. Since they are different types of averages, please note that their combinations use periods, as some may produce illogical results. With the right settings, Cross seems to be useful
Attachment download
📎 dwma_with_jma_oscillator.mq5 (14.96 KB)
Source: MQL5 #22356
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