Introduction to the Adaptive Moving Average AMA Indicator
The Adaptive Moving Average AMA Indicator was originally coded by the famous Mladen.
This specific tool has an innovative twist to the normal Moving Averages and as a result, it provides a much smoother and cleaner trend direction recognition.
The indicator is displayed directly on the main trading chart as two colors moving average. The green represents upward momentum and the red represents downward momentum.
You can use color changes as trading signals. The color changes are not repainting. We suggest to use it as a filter for opening and exiting transactions. Go ahead and add it to your best trading system.
It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
See also: MT4 Hull Moving Average Indicator
How to set up the Adaptive Moving Average AMA indicator in MT4?
Copy and paste the AMA.mq4 or AMA.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, that goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Adaptive Moving Average AMA indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Adaptive Moving Average AMA Indicator Free Download
To download the Adaptive Moving Average AMA Indicator for Metatrader 4 (MT4) for free just click the button below: