MAMA Indicator

It is calculated with a simple formula:. The trend may also be shown via a paintbar option. This could pose as an alternative indicator of trends. This information can be used to run breakout strategies when cumulated relative volume is above average and countertrend strategies when cumulated relative volume is low. You can create indicators that are completely custom to your needs. ADX signals trading signals trend.

MAMA MT4 Indicator – Moving Average on Moving Average for double confirmation Close The MAMA MT4 indicator is a technical indicator based on a combination of three moving averages.

MT4 Trading Guide

We consider confidentiality of information one of the key conditions of success. Our company takes full responsibility for nondisclosure of any commercial or technical information received from the clients if such information is considered to be confidential. The MAM broadens the functionality of the Metatrader by enabling the Money Manager to effectively trade and manage multiple accounts from a single MT4 interface.

The MT4-to-MT4 bridge consists of two server plugins. The TradeServer plugin is installed on the MT4 Server of the liquidity provider and is used to accept incomming connections from the client brokers.

It runs transparently as a plug-in to the MT4 Server. With over 13 years of experience we are one of the leading software development companies supporting Metatrader 4 and MetaTrader 5 trading platforms. An approach such as this is guaranteed to put the trader on the right side of every significant trade. Unfortunately, while smoothing the data, moving averages will lag behind the market action and the trader will almost always give back a large part of their profits on even the biggest winning trades.

Exponential Moving Averages Analysts seem to like the idea of the moving average and have spent years trying to reduce the problems associated with this lag. One of these innovations is the exponential moving average EMA.

This approach assigns a relatively higher weighting to recent data, and as a result it stays closer to the price action than a simple moving average. The formula to calculate an exponential moving average is:. A common weighting value is 0. Although it reduces the lag, the exponential moving average fails to address another problem with moving averages, which is that their use for trading signals will lead to a large number of losing trades.

To address this problem, several analysts have suggested varying the weighting factor of the EMA calculation. For more, see How are moving averages used in trading? Adapting Moving Averages to Market Action One method of addressing the disadvantages of moving averages is to multiply the weighting factor by a volatility ratio. Doing this would mean that the moving average would be further from the current price in volatile markets. This would allow winners to run.

As a trend comes to an end and prices consolidate , the moving average would move closer to the current market action and, in theory, allow the trader to keep most of the gains captured during the trend.

This indicator is designed to measure the strength of a trend, defined within a range from It is calculated with a simple formula:. Consider a stock that has a five-point range each day, and at the end of five days has gained a total of 15 points. This would result in an ER of 0. Had this stock declined 15 points, the ER would be Day traders make trading way too complicated!

They plot dozens of indicators on their trading screen and then fail to enter trades with confidence. In this article you will learn how to have confidence in your trading decisions by using a simple day trading strategy that only relies on two indicators. This strategy is a simple trend following strategy that should work in any market, but as a day trader I prefer to trade futures. When selecting a timeframe, we prefer tick charts for this strategy.

This means that a bar or a candle is plotted every 4, trades. All that counts is the amount of trades that have been executed in the market. The advantage of using tick charts is that the number of bars will increase and decrease depending on volatility. When the markets are moving and there are more trades, you will have more bars.

Hypothetical, will-most-probably-be-right scenario #1:

This MT4 indicator was translated from EasyLanguage. Arctangent became MathArctan. Arctangent returns degrees but MathArctan returns radians. Replace the two MathArctan with Arctangent and define double Arctangent(double v){ return /M_PI_2*MathArctan(v); }5/5(1). The indicator MAMA (MAMA FAME) created by John F. Ehlers is described in his book "Cybernetic Analysis for Stocks and Futures". Cybernetic Analysis for Stocks and Futures seeks to restore the balance between computational power and user proficiency. MAMA NK is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. MAMA NK provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.