JMACandleTrend Signals from Smoothed Candle Direction Changes
Summary
JMACandleTrend is a semaphore indicator that signals when candles produced by a smoothed price series change direction. Its inputs select the smoothing method and depth, along with a phase parameter that affects the transient response for JJMA; the phase input serves different purposes for VIDYA and AMA methods. A gap setting filters changes within a specified point distance, while separate inputs choose the symbols used for buy and sell markers.
The description identifies the SmoothAlgorithms library dependency and notes that marker symbols can be chosen from the Wingdings character set. It does not explain the exact candle construction, how signals are confirmed, or whether they appear only after a bar closes. No backtest, market examples, or performance evidence is supplied. The indicator therefore describes a way to visualize smoothed directional changes, but the text alone does not establish signal reliability or trading rules.
Key ideas
- The indicator marks changes in the direction of JMACandle candles.
- Users can configure the smoothing method, depth, and phase behavior.
- A point gap setting filters some directional changes.
- Buy and sell markers can use separately selected Wingdings symbols.
- The description provides no backtest evidence or complete trading rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.