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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



    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,…