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Using JMA Standard Deviation to Classify Trend Strength

Article MQL5 code base
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Summary

The document describes an indicator that combines the Jurik Moving Average (JMA) with a standard-deviation-based display of trend strength. It places colored dots on the moving average when the standard deviation falls within a configurable band, with dot color indicating the current trend direction. When the standard deviation exceeds the upper threshold, the dots become larger.

The display distinguishes three states: no dots for weak strength, small dots for medium strength, and large dots for strong strength. The text provides threshold parameters as examples but offers no formula for the deviation calculation, chart-based evidence, trading rules, or performance tests. The indicator can therefore serve as a visual classification aid, but the document alone does not show how its signals should be interpreted or validated across markets and timeframes.

Key ideas

  • The indicator overlays standard-deviation-based strength markers on a JMA.
  • Dot color represents the current trend direction.
  • No dot, a small dot, and a large dot represent weak, medium, and strong readings, respectively.
  • The document gives no performance evidence or signal validation.

Tags

Technical indicatorsStatisticsTrend following

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