This MACD 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 (green dot at the bottom) is shown when the JMA line crosses above the DWMA line (indicating a possible reversal in trend). A short signal (red dot at the top) is shown when the JMA line crosses below the DWMA line. Take profit signals (tan dot at the top/bottom) 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.