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.
Buy signal: Initiate buy order at the first green bullet.
Sell signal: Initiate sell order at the first red bullet.
Example: GBP/USD 1 Hour Chart
Type: trend following indicator
Currency pairs: any
Platform: Metatrader 5
Customizable settings: period of AMA, fast MA, slow MA, filter, shift bars, colors,…