The MACD oscillator is that value representing the difference between JMA and DWMA. 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.

This unique indicator places an exponentially contracting band around the MACD oscillator. The indicator displays a colored dot each time the oscillator separates from the band. Good for designating buy/sell opportunities.

For more information about JMA, go here.

• 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.