Jurik Smooth Trend Follower Indicator For MT5

The Jurik Smooth Trend Follower indicator for Metatrader 5 is a valuable trend follower tool that has a good win rate.

The indicator is displayed in the price chart as two colored lines that follow the trend with good accuracy.

Understanding the indicator:

The following indicator inputs and parameters can be modified: smooth period, smooth phase, colors, and style.

It works for Forex, Stocks, Indices, Gold, Bitcoin, etc.

Make yourself familiar with this technical indicator and test it first on a demo account for an extended period.

The following chart shows how the Jurik Smooth Trend Follower Forex indicator looks when applied to the MT5 chart.

Find a simple trading example below:

Buy Signal

The appearance of the green colored Jurik Smooth indicator line represents a buy signal.
Open a long trade and set a protective stop loss below the lower green dotted line.
Exit the buy trade for a fixed take profit target or reverse the trade when a sell signal shows up in the chart.

Sell Signal

The appearance of the pink colored Jurik Smooth indicator line represents a sell signal.
Open a short trade and set a protective stop loss above the upper pink dotted line.
Exit the sell trade for a fixed take profit target or reverse the trade when a buy signal shows up in the chart.

How Do I Install This Custom Indicator On Metatrader 5?

Open the MT5 trading platform
Click on the File menu button located at the top left part of the platform
Click on Open Data Folder > MQL5 folder > Indicators
Copy the Jurik smooth on chart generic trend.mq5 indicator file in the Indicators folder
Close and restart the trading platform
You will find the indicator here (Navigator window > Indicators)
Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?