Modified JMA - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
This is a variation of the JMA (Jurik Moving Average) indicator.
It uses JMA to calculate the deviation of the price from the JMA, and if the change is not significant, the value is "flattened". This way we can easily see not only trends but also periods of flat trend.
Attachment download
📎 corrected_jma.mq5 (15.7 KB)
Source: MQL5 #22020
Modified JMA - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Modified JMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. 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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