Adaptive Moving Average - AMA - With Filter - MetaTrader 5 Script - MT4/MT5 Resources
The indicator is coded exactly as described by Vitali Apirine (including adjustments using high and low prices). But to make it easier to use it in the "classic way" (ie: with some kind of signal that we can get from it), this version has an additional filter that makes the slope changes color changes less frequently, so that false signals appear less often
It can be used as any regular moving average (or, for users of KAMA - Perry Kaufman's AMA, as a "faster" alternative to KAMA). Alternatively, you can use the indicator's color change as a signal
Attachment download
📎 ama_cfiltered7.mq5 (14.14 KB)
Source: MQL5 #23756
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