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ColorJFatl Cloud Indicator with Rounded Price Grid

Article MQL5 code base
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Summary

This document describes a chart indicator that combines the FATL fast adaptive trend filter with JMA adaptive averaging. It fills the chart area with a color that changes around the moving average, shows the latest value as a price label, and can draw a price grid using channel levels rounded to a chosen number of digits.

The digit setting controls the rounding precision, while the moving average acts as the line separating the colors. The description explains the indicator’s display features and notes that it relies on classes from an external smoothing library, which must be installed in the platform’s include folder. It refers readers to a separate article for details on those classes. No trading rules, performance evidence, or parameter guidance are provided, so the document supports understanding the visualization but does not establish when its signals may be useful.

Key ideas

  • The indicator combines the FATL digital filter with JMA adaptive averaging.
  • The moving average serves as the boundary for chart background color changes.
  • Channel levels can be rounded to a configurable number of digits and shown as a price grid.
  • The indicator depends on a separate smoothing library.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.