MT4 Kaufman AMA Averages Filtered ATR Bands 1.0

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.