Created by:
John Ehlers
The MAMA indicator is a dynamic moving average based on the EMA (Exponential Moving Average) algorithm, fine-tuned to adapt to the current volatility of financial instruments.
This indicator features two lines: the fast MAMA (depicted in green) and the slow FAMA (shown in red). When these lines cross, it generates signals that traders can use to determine optimal entries and exits in the market.
You’ll find two versions of this indicator here: MAMA.mq5 and MAMA_Optim.mq5. The main difference lies in their efficiency—MAMA_Optim.mq5 is designed to conserve computer resources, making it a great choice for use in automated trading systems (EAs). In contrast, the original MAMA.mq5 boasts a cleaner code structure.
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