This indicator comprises two moving averages. These moving averages are much more sophisticated and smoothed than the normal MAs. They filter much of the noise and do not oscillate abruptly in times of consolidation as the standard ones. The JMAs would not make you open and close negative positions on every bar when sideways market appears, thus taking back all the profits you made in the previous trend. On the contrary, they would filter much of the false movements.
The faster JMA's offset will let you stay in the trend and the specific movement if several fake consolidation bars appear, thus not making you to exit prematurely.
This indicator is close to perfection and gives excellent results on its own.
The faster JMA's offset will let you stay in the trend and the specific movement if several fake consolidation bars appear, thus not making you to exit prematurely.
This indicator is close to perfection and gives excellent results on its own.
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Jaimo-JMA.mq4
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