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2012.10.15 12:29
Indicators

AML Adaptive Market Level - indicator for MetaTrader 5

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Real author:

andreybs

The indicator shows the current reference prices of the current market state. This is necessary for determining flat market.

The indicator is based on fractal smoothing (known as FRAMA http://kroufr.ru/content/view/6138/81/ - in Russian) having a discrete filter that removes minor price movements when the relative flat movement does not exceed the square of the interval dimension in the specified interval.

Fig.1 AML indicator

Fig.1 AML indicator

This indicator was first implemented in MQL4 and published in Code Base at mql4.com 08.06.2011 (in Russian). 

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1026

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