JFatl HTF Baby - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

A mixture of digital and analog filters that displays larger time range values ​​within a smaller time range in a fully minimized manner and is located in a separate chart window.

In this case, the indicator only uses the direction of the current trend. It should be noted that since the indicator uses a larger timeframe to calculate its value, it will rewrite its readings based on the number of bars equivalent to the larger timeframe bar size.

The indicator is calculated as follows:

JFATL[bar] = JMA(FATL(price[bar]))

Additional JMA smoothing is used to prevent the indicator from starting on every random market move.

Place the Fatal indicator compiled file into the terminal data folder \MQL5\Indicators\.

JFatl uses the CJJMA class of the SmoothAlgorithms.mqh library. How to use this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .

Attachment download

📎colorjfatl_htf_baby.mq5 (10.17 KB)

📎 jfatl.mq5 (7.56 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #609