JFatlCandle Channels from Smoothed Highs, Lows, and Standard Deviations

Summary

The JFatlCandle indicator displays candles with two colored channels derived from standard deviations of the indicator candles' highs and lows. Its inputs include JMA smoothing depth and phase, a point gap, a Bollinger period, and a deviation setting. The display is intentionally dimmed to make price candles easier to inspect; bringing the chart to the foreground changes how the indicator appears.

The document gives configuration inputs and notes that the implementation depends on a smoothing library. It does not explain how to interpret channel interactions as trade signals, provide market examples, or report backtest results. The settings describe how the display can be configured, but the material offers no evidence that a particular configuration forecasts price movements or suits a specific market.

Key ideas

• The indicator draws two colored channels using standard deviations from indicator candle highs and lows.
• JMA settings control the smoothing depth and phase.
• A gap input, Bollinger period, and deviation input also configure the display.
• The chart foreground setting affects the indicator's visibility relative to price candles.
• The document provides no trading rules or performance evaluation.

Tags

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