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2014.06.06 15:48
Indicators

i-AMMA - indicator for MetaTrader 5

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i-amma.mq5 (9.37 KB)view

Real author:

RickD

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".

This indicator was first implemented in MQL4 and published in CodeBase on 07.08.2007.

Figure 1. The i-AMMA indicator

Figure 1. The i-AMMA indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2388

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