If you’re on the hunt for a powerful trading tool, the XMA JJRSX System might just be what you need. This nifty indicator gives you alerts and signals using vibrant colored dots and arrows right on your chart, making it easier than ever to spot trading opportunities.
At its core, this system works by comparing signals from the JJRSX oscillator and the XMA moving average, each operating on different timeframes: the current chart timeframe and higher ones. So, you can effectively get the best of both worlds!
The colored arrows signal entries based on higher timeframe trends, while the JJRSX oscillator provides trend reversal signals from the current timeframe. The colored dots, on the other hand, help you identify exit points. In layman’s terms, think of the arrows as go signals and the dots as stop signs.
For instance, if you see a lime-colored up arrow, it’s time to open a long position. Conversely, when a red dot pops up, it’s time to close that position. For short positions, keep an eye out for the magenta arrow and green dot. You can also use the signals from the colored dots to open and close positions while the arrows can guide you to add to existing trades.
Another great feature of this system is the ability to customize the smoothing algorithm for the XMA moving average:
- SMA - Simple Moving Average;
- EMA - Exponential Moving Average;
- SMMA - Smoothed Moving Average;
- LWMA - Linear Weighted Moving Average;
- JJMA - JMA Adaptive Average;
- JurX - Ultralinear Smoothing;
- ParMA - Parabolic Smoothing;
- T3 - Tillson's Multiple Exponential Smoothing;
- VIDYA - Tushar Chande's Smoothing Algorithm;
- AMA - Perry Kaufman's Smoothing Algorithm.
It’s important to note that the Phase parameter varies across different smoothing algorithms. For example, in JMA, it changes from -100 to +100, while in T3, it’s a smoothing ratio multiplied by 100 for better visualization. Other algorithms have their own unique parameters, so be sure to keep an eye on those!
To get started, make sure to place the compiled files for the XMA and JJRSX indicators in the terminal_data_folder\MQL5\Indicators\. You’ll also need to copy the SmoothAlgorithms.mqh library classes to terminal_data_folder\MQL5\Include. For a detailed guide on using these classes, check out the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Indicator Input Parameters:
//+-------------------------------------+//| Indicator Input Parameters |//+-------------------------------------+ inputuint SignalLableShift=100; // Entries vertical shiftinputuint StopLableShift=300; // Stops vertical shiftinputuint AlertCount=0; // Number of submitted alertsinputuint SignalBar=1; // Signal bar index, 0 is a current bar//+-------------------------------------+//| XMA Indicator Input Parameters |//+-------------------------------------+inputENUM_TIMEFRAMES TimeFrame_XMA=PERIOD_H4;// XMA chart periodinput Smooth_Method MA_Method_XMA=MODE_T3; // XMA averaging methodinputint Length_XMA=12; // XMA smoothing depth inputint Phase_XMA=15; // XMA smoothing parameter [-100...+100]inputENUM_APPLIED_PRICE Applied_price_ IPC_XMA=PRICE_CLOSE; // XMA applied price//+-------------------------------------+//| JJRSX Indicator Input Parameters |//+-------------------------------------+inputint Length_JJRSX=8; // JJRSX smoothing depthinputint Smooth_JJRSX = 8; // JJRSX averaging JJMA depthinputint Phase_JJRSX = 100; // JJRSX averaging JJMA parameter [-100..+100]inputENUM_APPLIED_PRICE Applied_price_ IPC_JJRSX=PRICE_CLOSE_; // JJRSX applied price
Comments 0