MAMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator is based on the Moving Average EMA algorithm of the following indicators and adapts to the current volatility of the financial instrument.
The indicator consists of two averages - fast MAMA (green line) and slow FAMA (red line). Crossings of moving averages provide signals to enter and exit the market.
Two variants of this indicator are provided here: MAMA.mq5 and MAMA_Optim.mq5. The only difference between them is that the second one is more optimized for saving computer resources and is more suitable for use in Expert Advisors, while the first one has a cleaner code.
Attachment download
📎 mama.mq5 (8.89 KB)
📎 mama_optim.mq5 (9.19 KB)
Source: MQL5 #400
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