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Jurik JMA/DWMA MACD

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An oscillator form of the crossover system that was recommended by Mark Jurik. The oscillator is based on the Jurik Moving Average (JMA) and Double Weighted Moving Average (DWMA) convergence/divergence. I use the best original JMA' clone on TradingView https://www.tradingview.com/script/714vYiDe-Jurik-Moving-Average/ that has the almost identical behaviour as the original one.

I made it more pretty and added alerts for the peaks (blue circles).

As Mr. Jurik noticed:
"Of all the different combinations of moving average filters to use for a MACD oscillator, we prefer using the JMA - DWMA combination."

Reference: http://www.jurikres.com/freebies1/TS_jma_dwma_macd.htm#top

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