The idea is called up by the article: Б. Шлоссберг. Полосы Боллинджера на Форекс, “Forex Magazine”, №75/26, июль 2005. (B. Shlossberg. Bollinger bands at Forex, “Forex Magazine”, №75/26, July 2005.). As compared to the original code (WellxAMA), the calculation of AMA is written as the calculation of the ouput value of the adaptive integrator (by the way, it is where the value of the exponential moving average comes from) that allows us to recalculate only the last and the next to the last bar, or the last one only. The arrows on the chart represent signals. Their sense is the first AMA derivative on a single timeframe.
MT4 Indicator Download – Instructions
AMA Bands is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
AMA Bands provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install AMA Bands.mq4?
- Download AMA Bands.mq4
- Copy AMA Bands.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on AMA Bands.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator AMA Bands.mq4 is available on your Chart
How to remove AMA Bands.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: