The JFatlAcceleration_HTF indicator is a nifty tool that helps traders gauge the direction of price acceleration across different timeframes. Essentially, it pulls data from a larger timeframe and displays it on a smaller one, giving you a clearer picture of market movements.
What’s cool about this indicator is that it alerts you to the current direction of acceleration every time a new bar forms on the larger timeframe. It uses two different arrow colors to indicate acceleration trends:
- Lime up arrow: Indicates positive and rising acceleration.
- Yellow up arrow: Indicates positive but falling acceleration.
- Red down arrow: Indicates negative and falling acceleration.
- Magenta down arrow: Indicates negative but rising acceleration.
It's crucial to note that this indicator doesn’t show you the current trend direction. Instead, it provides insights into the second derivative of price movement, or acceleration. To get a better idea of the overall trend, it's wise to pair it with a trend indicator.
To install the ColorJFatlAcceleration indicator, simply place the compiled file into your MQL5\Indicators folder. Keep in mind, this indicator utilizes classes from the SmoothAlgorithms.mqh library. If you're looking for detailed guidance on working with that class, check out the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
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