AML Adaptive Market Levels - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
This indicator shows the current reference price for the current market state. This is necessary to identify flat markets.
The indicator is based on fractal smoothing (called FRAMA http://kroufr.ru/content/view/6138/81/ - in Russian) with a discrete filter that eliminates small price movements when the relatively flat movements do not exceed the square of the interval dimension within the specified interval.
Figure 1 AML indicator
The indicator was first implemented in MQL4 and published in the code base: mql4.com June 8, 2011 (in Russian).
Attachment download
📎 aml.mq5 (7.19 KB)
📎 coloraml.mq5 (7.58 KB)
Source: MQL5 #1026
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