JMA-Smoothed Price-Change Slope Indicator

Summary

JMASlope measures the rate of price change after smoothing it with the JMA averaging method. The document positions it as a more responsive counterpart to Bill Williams’ Awesome Oscillator, offering a way to view changes in price momentum with smoothing applied.

The note identifies the indicator’s author and its original implementation date, but provides no calculation formula, parameter guidance, trading rules, or performance evidence. It also mentions a dependency on a separate smoothing library for use in MetaTrader. As presented, it introduces the indicator’s purpose rather than explaining how to interpret its signals or validate a strategy built around them.

Key ideas

• JMASlope applies JMA smoothing to the rate of price change.
• The document describes it as a more sensitive analogue of the Awesome Oscillator.
• The note gives no formula, signal thresholds, or backtest evidence.
• A separate smoothing library is required for the described implementation.

Tags

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