The Jurik Moving Average indicator is one of the surest ways to smoothen price curves within a minimum time lag.
Its enhanced smoothing is one of its features that distinguishes it from the basic moving averages, alongside its higher responsiveness and lesser time lag characteristics.
The indicator offers currency traders one of the best price filters during strong price moves.
We therefore recommend that you set bigger values for the “Len” inputs variable.
The Jurik Moving Average Metatrader 4 custom indicator is written in three variants, with all of them delivering almost the same set-up principles.
Incorporate this indicator in your scalping, day trading and swing trading systems and strategies.
The EUR/USD M30 chart below displays the Jurik Moving Average Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the red line of the Jurik Moving Average Metatrader 4 indicator ascends or when price aligns above the indicator line in a scenario where the “Len” values are set to bigger values.
Sell Signal: Go short when the red line of the Jurik Moving Average Metatrader 4 indicator descends or when price aligns below the indicator line in a situation where the “Len” values are set to bigger values.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the red line of the Jurik Moving Average descends or price bar is seen to open and close below the indicator line.
Exit sell trade: Close all sell orders if while a bearish trend is running, the red line of the Jurik Moving Average ascends or price bar is seen to open and close above the indicator line.
Tips: The Jurik Moving Average indicator shouldn’t be deployed as a standalone technical indicator, it should rather be used in conjunction with oscillators like the Stochastics or MACD.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Len, phase, BarCount), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the jurik-moving-average.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)