If you're looking to enhance your trading strategy, the JFATL indicator might just be what you need. This innovative tool combines the FATL digital filter with the analogue JMA adaptive smoothing for a powerful trading experience.
Here's how the average is calculated:
JFATL[bar] = JMA(FATL(PRICE[bar]))
Breaking it down:
- FATL() - This represents the value from the FATL digital filter;
- JMA() - This is the JMA adaptive smoothing algorithm;
- PRICE[] - This refers to the price series data;
- bar - This indicates the current bar index.
The additional smoothing from JMA is crucial. It helps to filter out noise, ensuring that the indicator doesn't react to every little blip in the market.
Both the ColorJFatl and JFatl indicators use the CJJMA class from the SmoothAlgorithms.mqh library. If you're curious about how to implement this class, check out the detailed guide in the article "Averaging Price Series for Intermediate Calculations Without Additional Buffers".
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