//Sup TV. This script is inspired by (and dedicated to) closure of sales (today, Oct 20 '21) of the famous Jurik Research. ... Jurik Research, the real people who been doing real things by using the real instruments, while many others been reading books "How to become a billionaire in 2 days", watching 5687 hours videos of how to use RSI, and studying+applying machine learning to everything cuz suddenly it became trendy xD ... This is my remake of the original Jurik Moving Average (JMA) based on all the info I managed to get my hands on, some stuff is dated back to 2008 or smth. The whole point of this filter, the point missed by other attempts of its remakes even posted there on TV, is that it takes into account volatility and adjusts its speed based on it. Think about it as an EMA, where the alpha parameter is dynamic. Now, by all means I'm not claiming that's this is the perfect replica of the original algo. I've tested it a lot, looks like it's working legit... But we all can see together whether it's legit or nah, besides, the official sales are closed since today, you feel me? ... @everget, does it differs from yours closed one? ... Live Long And Prosper
Great work, consider to change the following: pr = _phase < -100 ? 0.5 : _phase > 100 ? 2.5 : _phase / 100 + 1.5 to: pr = _phase < -140 ? 0.1 : _phase > 140 ? 2.9 : _phase / 100 + 1.5 This will give just a little bit extra smoothness or the other side of the coin more accuracy to the JMA
gorx1
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@shadavbos, sorry man, not these days, besides I'd like to keep this one as it is according to the source I've found.
Have you ever found any real use for smooth filters in financial industry? I never found any use tbh, and over the years I designed numerous execution, trading, analytical & mgmt formulas/algorithms/strategies/etc. It's weird cuz I know that people are crazy about it. Do I miss smth? I have a perfect lagging smooth filter, imo more optimal than anything available in mainstream open access (just try my WLSMA with offset parameter equal to length divided by 2, and compare it with ALMA), and yet I don't know where I might use it.
Forex_Station_Centaur
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@gorx1, signal filters are great tools to (1) better existing "old school" indicators for more reliable entry and/or exits (2) creating unique indicators. The main purpose is to achieve an edge in the market above your peers and/or big money movers. I'll definitely have a look at your WLSMA. Have you got any coding experience in MetaQuotes Language (MQL) ?
gorx1
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@shadavbos, I see the point in uniqueness, you sacrifice some alpha but end up with less competition in terms of liquidity, perhaps limit orders fill probability might increase, gotta check that some day.
@gorx1, I've rewritten your JMA into MT5 if you are interested.
Forex_Station_Centaur
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@gorx1, Also on signal filters, have a look at John F. Ehlers work. I recommend subscribing to the stocks and commodities magazine as well, Mr. Ehlers posts his latest ideas in the magazine.
Michuhameed
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Hey..big fan of JMA,would like to know your take on false signals on JMA, i mean the repaint?? I often get confused while taking entry
HS_TA_
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@gorx1 Very interesting - plots differently than Loxx's multiple Jurik EMAs and other indicators. His is open source too. Have you seen those?
gorx1
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@HS_TA_, Yeah he copypasted the code from a different source. I compared mine and that another source, mine seems to be more legit considering the info I got about the real JMA (pictures in official sources mainly, and text explanation ofc).
This will give just a little bit extra smoothness or the other side of the coin more accuracy to the JMA