If you're looking to enhance your trading setup, meet the JJurX indicator for MetaTrader 5. This unique moving average serves as a slow adaptive trend line, featuring ultralinear and JMA smoothing techniques that traders love.
Here's how the moving average is calculated:
JJurX[bar] = JMA(Jurx(PRICE[bar]))
Breaking it down:
- JurX() - This is the ultralinear smoothing algorithm that powers the indicator.
- JMA() - The JMA adaptive smoothing algorithm that refines the results.
- PRICE[] - This represents the price series value at each point.
- bar - The current index of the bar in the chart.
To further enhance the smoothing of our final indicator, we apply additional JMA smoothing. The indicator leverages the CJJMA class from the smoothalgorithms.mqh library. If you're keen to dive deeper into how this class operates, check out the detailed article titled "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
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