jma + dwma crossover — Indicator by multigrain

jurik movingaverage wma crossover crossovers crossoverstrategy crossoversignal

This crossover system was originally conceptualized by Jurik Research and made public to the world on their website.

The indicator consists of the faster Jurik Moving Average (JMA) and the slower Double Weighted Moving Average (DWMA). A long signal is shown when the JMA line crosses above the DWMA line (indicating a possible reversal in trend). A short signal is shown when the JMA line crosses below the DWMA line. Take profit signals are shown when the JMA line reverses directions. Alerts for signals are included in this indicator.

The default settings are not optimized for any timeframe. Both JMA and DWMA lines are defaulted to hidden.

Credit to @everget for the re-creation of the Jurik Moving Average in pinecsript.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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