Adaptive moving average (AMA), as the name suggests is an adaptation of moving average. It is designed to adapt according to the dynamic market as needed. ---- Simple moving average (SMA) and its cousins weighted moving averages (WMA) and exponential moving averages (EMA) all work fantastic when the market is trending. However when the market is range bound they pick up a lot of market noise generating a lot of premature signals. Moreover, they are all inherently lagging ...
This TradersDynamicIndex indicator works for MT4 build 600 and above (I installed it on build 646 now) : Go here to download indicator and pdf file about how to tradeGo here to download template
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