
Adaptive Moving Average AMA Indicator
Platform: MT4 Type: Trend Last update: October 7, 2024The 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.
See also: MT4 Hull Moving Average Indicator