The Kaufman AMA Averages Filtered ATR Bands Indicator is a popular and free forex trading tool for the MT4 platform. This useful indicator helps traders to identify potential trading opportunities and identify possible entry and exit points. The main purpose of this indicator is to measure the average true range of a currency pair over a period of time. The indicator is based on the Kaufman Adaptive Moving Average (KAMA) and the Average True Range (ATR). The KAMA is a moving average that is designed to reduce the effects of market noise and volatility. The ATR is a measure of volatility and is used to calculate the range of price action over a period of time. The Kaufman AMA Averages Filtered ATR Bands Indicator combines these two indicators to identify potential entry and exit points. The indicator plots two bands on the chart. The upper band is the KAMA and the lower band is the ATR. When the upper band is above the lower band, it is an indication of a strong trend and potential buying opportunity. Conversely, when the lower band is above the upper band, it is an indication of a weak trend and potential selling opportunity. The indicator also plots a signal line which is the midpoint between the two bands. When the signal line crosses the upper band, it is a buy signal, and when it crosses the lower band, it is a sell signal. The Kaufman AMA Averages Filtered ATR Bands Indicator is a powerful and useful tool for forex traders. It helps traders identify potential entry and exit points and measure the strength of a trend.
MT4
Kaufman AMA Averages Filtered ATR Bands
The Kaufman AMA Averages Filtered ATR Bands Indicator is a useful and popular forex indicator for MT4 trading platforms. The indicator uses two moving averages – the Kaufman Adaptive Moving Average (KAMA) and the Average True Range (ATR) – to generate buy and sell signals. The KAMA acts as a trend filter, while the ATR helps to identify momentum. It is a useful tool for traders who are looking to capitalize on short-term market movements.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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