Forex i AMMA Indicator

Forex i AMMA Indicator:

An indicator of a moving average similar to EMA.

Calculated as follows:

AMMA[bar] = ((AMMAPeriod-1)*AMMA[bar+1] + Price[bar])/AMMAPeriod

25-day Average Modified Moving Average works as a filter. It is recommended in “Commodity Futures Trading with Moving Averages”.

Test results:

Forex i AMMA Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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