DWMA and JMA Ribbon - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
A long time ago, a trader used a combination of DWMA (Double Weighted Moving Average) and JMA (Jurik Moving Average) crossover as a signal. As a logical step, an indicator was developed that could manage the combination of these two indicators. Both (DWMA and JMA) are very smooth indicators and the combination tends to produce an acceptable amount (ie: not too many) signals
Attachment download
📎 dwma_with_jma_ribbon.mq5 (15.02 KB)
Source: MQL5 #22355
DWMA and JMA Ribbon - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
DWMA and JMA functional area - 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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