OPEN-SOURCE SCRIPT
JMA filter 2
This is based on ChuckBanger Juric indicator (a modification of it)
![Jurik Moving Average Crossover Strategy [ChuckBanger]](https://tradingview.sweetlogin.com/proxy-s3/p/pM6FkCHY_mid.png)
things you need to know how to work with this one
to control the wave setting you need to adjust the length , slow ,fast and c in menu for optimal result
positive trend is above zero in green
negative trend bellow zero red
the best part herein this indicator is to finding of high and low based on lower treshold =trel
higher threshold for high =treh
there is signals once it crossed up or down
for each time frame you need to set the threshold for optimal results as it change for each TF it will be different so be careful about it
so rule of thumb is to look for the previous peaks either up or down and to set the threshold according to it
it more sensitive then RSI to my opinion and very good to detect sweet spot either for sell or buy
one can add alerts (not included)
or modify it to make it better
here on Tesla
things you need to know how to work with this one
to control the wave setting you need to adjust the length , slow ,fast and c in menu for optimal result
positive trend is above zero in green
negative trend bellow zero red
the best part herein this indicator is to finding of high and low based on lower treshold =trel
higher threshold for high =treh
there is signals once it crossed up or down
for each time frame you need to set the threshold for optimal results as it change for each TF it will be different so be careful about it
so rule of thumb is to look for the previous peaks either up or down and to set the threshold according to it
it more sensitive then RSI to my opinion and very good to detect sweet spot either for sell or buy
one can add alerts (not included)
or modify it to make it better
here on Tesla
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.