Trend Following AMA Forex Indicator For MT5

The AMA indicator for Metatrader 5 is a trend following indicator based on an adaptive moving average. The indicator paints green and red signal bullets.

Green bullets suggest an uptrend, red bullets a downtrend. No bullets will be placed in a flat horizontal market.

Works on all currency pairs and time frames.

Trading Rules

Buy signal: Initiate buy order at the first green bullet.

Sell signal: Initiate sell order at the first red bullet.

Download Link

Download the amka.mq5 indicator.

Example: GBP/USD 1 Hour Chart

adaptive-mt-5-moving-average-indicator

Characteristics 

Type: trend following indicator

Currency pairs: any

Timeframe: any

Platform: Metatrader 5

Customizable settings: period of AMA, fast MA, slow MA, filter, shift bars, colors,…

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