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JMA + DWMA oscillator (MACD)

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Of all the different combinations of moving average filters to use for a MACD oscillator, we prefer using the JMA - DWMA combination. JMA is ideal for the fast moving average line because it is quick to respond to reversals, is smooth and can be set to have no overshoot. DWMA (double weighted moving average) is ideal for the slower line as is tends to delay reversing direction until JMA crosses it. The oscillator (MACD) is that value representing the difference between JMA and DWMA.

We created two versions for NinjaTrader: the first sub-panel shows the MACD oscillator (gold) and a slow moving average of it (purple). The 2nd sub-panel shows changing background color, depending on the relation between MACD and its trailing moving average line. The user can apply NinjaTrader's color menu to select other background colors.



  • Visual results may vary, and will depend on chart time frame, chart bar type, market symbol and indicator parameter values.

  • All Jurik indicators are optimized to display over a black background.










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