If you're looking to enhance your trading strategy, the AMACD indicator for MetaTrader 5 might just be what you need. This clever tool calculates the MACD based on the Adaptive Moving Average (AMA), giving you a fresh perspective on market trends.
The AMACD comes with eight customizable parameters, allowing you to tailor it to your trading style:
- Fast AMA Period - Set the timeframe for the fast AMA;
- Fast EMA of the Fast AMA - Determine the period of the fast EMA in the fast AMA settings;
- Slow EMA of the Fast AMA - Adjust the period of the slow EMA in the fast AMA settings;
- Slow AMA Period - Define the timeframe for the slow AMA;
- Fast EMA of the Slow AMA - Specify the period of the fast EMA in the slow AMA settings;
- Slow EMA of the Slow AMA - Set the period of the slow EMA in the slow AMA settings;
- Signal Line Period - Configure the period for the AMACD signal line;
- Applied Price - Choose the price for AMACD calculations.
Fig.1 AMACD on H1 Chart
Fig.2 AMACD on M15 Chart
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