Name: MAMA
Rating: 3.925925925925926 (27 reviews)
Author: Nikolay Kositsin

Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Published by:

Nikolay Kositsin

Views:

12075

Rating:

(27)

Published:

2011.08.10 12:44

Updated:

2016.11.22 07:32

mama.mq5 (8.89 KB) view

mama_optim.mq5 (9.19 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Real author:

John Ehlers

The indicator is a moving average based on the EMA algorithm and adapted to a financial instrument current volatility.

The indicator consists of two averages - fast MAMA (green line) and slow FAMA (red line). Crossover of the averages provide signals for market entries and exits.

Two variants of the indicator are presented here: MAMA.mq5 and MAMA_Optim.mq5. Their only difference is that the second one is more optimized for computer resources saving and more preferable for using in Expert Advisors, while the first one has more clear code.

MAMA

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/400

ZerolagStochs

Stochastic Oscillator equivalent with a minimum lag.

Arrows&Curves

Arrows&Curves shows signals to open and close positions.

T3 Moving Average is based on multiple exponential smoothing of price.

Module of Trade Signals, Based on T3 Indicator

The downward crossover of T3 moving average is a signal to open a long position, the upward crossover of T3 moving average is a signal to open short position.

MAMA - indicator for MetaTrader 5