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Jurik JMA/DWMA MACD

An oscillator form of the crossover system that was recommended by Mark Jurik. The oscillator is based on the Jurik Moving Average (JMA) and Double Weighted Moving Average (DWMA) convergence/divergence. I use the best original JMA' clone on TradingView https://www.tradingview.com/script/714vYiDe-Jurik-Moving-Average/ that has the almost identical behaviour as the original one.

I made it more pretty and added alerts for the peaks (blue circles).

As Mr. Jurik noticed:
"Of all the different combinations of moving average filters to use for a MACD oscillator, we prefer using the JMA - DWMA combination."

Reference: http://www.jurikres.com/freebies1/TS_jma_dwma_macd.htm#top

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