JCFBaux [Loxx] is a volatility indicator that is used to detect early volatility spikes. To be used in conjunction with other momentum indicators for confluence. A Jurik-filtered signal line is included to provide a cutoff for when volatility is low. The JCFBaux is also used to calculate Jurik's "Composite Fractal Behavior". This is a directionless indicator. Many advanced traders will use JCFBaux as a drop in replacement for ADX DI.
What is Jurik Volty used in the Juirk Filter? One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average? Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
superb indicator, immensely helpful in staying out of consolidating/low volume periods. Bravo!
mohammadkwt
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@astropath, how to use the indicator?what does the green color change mean and what is the sign that appears down the indicator? what is the exit and entry points? Thanks
davewantsmoore
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Thanks for all the scripts.
"The JCFBaux is also used to calculate Jurik's "Composite Fractal Behavior""
Can you provide some more info on this? I've always been looking for an implementation of Jurik CFB that I can study the code of.... but never found one.
davewantsmoore
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... or this is the CFB? _jcfbau(src, depth)=>
Is it the same as Jurik's CFB? ... if not, how is it different?
loxx
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@davewantsmoore, nope, this is *not* the CFB, this is simply the function that accepts values from the cumulative sum of doubled array of squares of 2. so this is used to calculate one component of the CFB
davewantsmoore
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@loxx, Thanks (again) :) Can you (or, will you) post the Jurik CFB ?