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Fractal AMA Metatrader 5 Forex Indicator

    The Fractal AMA is short for the fractal adaptive Moving Average, a Metatrader 5 custom forex tool that was developed by John Ehlers.

    The RPeriod is one of the indicator’s very important input parameter that defines length, and is forcibly equal to an even number.

    If this variable gets an odd number, it will be decreased to an even number.

    One of the easiest use of this indicator is the crossover of Fractal AMA MT5 forex indicator orange line and its purple line.

    Other inputs parameters asides the RPeriod that are available on the fractalama_mbk Metatrader 5 custom indicator includes:

    • Multiplier – defines the step distance of the moving averages
    • Signal_Multiplier – defines the signal step distance of the moving averages
    • Horizontal shift of the indicator in bars – defines the horizontal distance between the moving averages in bars

    Free Download

    Download the “fractalama_mbk.ex5” MT5 indicator

    Example Chart

    The USD/JPY H4 chart below displays the fractalama_mbk Metatrader 5 forex indicator in action.

    Basic Trading Signals

    Buy Signal: Go long when the purple line of the fractalama_mbk Metatrader 5 forex indicator intersects the orange line in a bottom up manner (with price trading slightly above).

    Sell Signal: Go short when the purple line of the fractalama_mbk Metatrader 5 forex indicator intersects the orange line in a top downward manner (with price trading slightly below).

    Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the fractalama_mbk MT5 fx indicator line crosses.

    Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the fractalama_mbk MT5 fx indicator line intersects.

    Tips: The fractalama_mbk Metatrader 5 forex indicator is well suited for trend seekers in the market.

    Download

    Download the “fractalama_mbk.ex5” Metatrader 5 indicator

    MT5 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 5

    Type: chart pattern indicator

    Customization options: Variable (RPeriod, multiplier, signal_multiplier, horizontal shift of the indicator bars), Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: trend

    Installation

    Copy and paste the fractalama_mbk.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL5 > Indicators (paste here)

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