i-AMMA – indicator for MetaTrader 4

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i-AMMA - indicator for MetaTrader 4

RickD2 | English

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votes: 2

Files:
\MQL4\Indicators\

Description:

AMMA's formula is:

AMMA[i] = ((AMMA.Period-1)*AMMA[i+1] + Close[i])/AMMA.Period;

A 25-day Average Modified Moving Average is employed as a filter. This was defined by Maxwell in "Commodity Futures Trading with Moving Averages".

AMMA is multiplied by 24, then today's close is added and the sum divided by 25.

Image:

Average Modified Moving Average.

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Author: Forex Wiki Team
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