The AMA Slope Forex indicator for Metatrader 4 can be categorized as a momentum indicator and it reveals that the market is trending strongly.
- The slope reveals trend momentum.
- The slope can be either positive or negative.
- A positive slope can be found above the 0.00 neutral level.
- A negative slope can be found below the 0.00 neutral level.
In essence, a fast rising or declining AMA slope reveals that the market is trending strongly.
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
The AMA Slope indicator itself doesn’t give you exact entry and exit points.
Please use it together with an existing trading system or strategy to get the most out of it.
Feel free to use your own favorite trading method to open and close trades with the AMA Slope Forex indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Period AMA, n fast, n slow, G, color settings & style
Indicator type: momentum
Repaint? Does not repaint the AMA slope.
Works for any trade style: scalping, day trading and swing trading.
The AMA bands indicator for MT4 can’t be used as a standalone signals indicator.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the ama-slope-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.