Amka Indicator for Metatrader 5

Real author: Perry Kaufman

Description of the indicator

Amka is an adaptive moving average with indicative (signal) points arrangement based on the standard mean-square deviation.

This is how to use the Amka signal points.

When the market is flat, the Amka indicator is placed horizontally and there are no signal points.

When the market is trending and exceeds a mean-square deviation, a dot point of an appropriate color appears: green to go up or to close a bearish position, red to go down or to exit a bullish position.

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This is the rate given by Metatrader community

FREE Amka Indicator

 

How to install custom indicators in Metatrader 5

  • Download the MQ5/EX5 file into your C:\Program Files\MetaTrader 5\MQL5\Indicators folder

  • If you download the zip file, unzip it and locate the MQ5 file in C:\Program Files\MetaTrader 5\MQL5\Indicators

  • Double-click on the file, the Mq5 editor will open and hit “Compile

  • Restart your MetaTrader 5 application

  • On the left hand side, look for the “Navigator” window and under the “Indicators” tab you should find the Indicators

  • Drag (Click and drag) the indicator onto the chart

  • Choose your settings and click OK