If you’re diving into the world of trading with MetaTrader 5, you’ve probably encountered the MACD histogram. But let me introduce you to the JMACD indicator, a game-changer for traders, especially in volatile markets.
Unlike the standard MACD, the JMACD utilizes JMA (Jurik Moving Average) smoothing across all its averages. This unique feature makes it particularly effective when you're dealing with those tricky, high-volatility currency pairs.
The JMACD indicator leverages the CJJMA class from the SmoothAlgorithms.mqh library, which you can read more about in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
- First, make sure to place the smoothalgorithms.mqh library in your terminal_data_folder\MQL5\Include.
- Next, add the jmacd.mq5 indicator to your terminal_data_folder\MQL5\Indicators.
JMACD indicator
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