i AMA Optimum Metatrader 4 Forex Indicator

The i AMA Optimum forex indicator for Metatrader 4 is a modificated version of the traditional moving average.

It is considered to be trend following in nature.

  • Price above the i AMA Optimum indicator is bullish
  • Conversely, price below the i AMA Optimum is bearish

Experiment with the Fast and Slow indicator settings for more reliable trading signals.

My preferred settings: Fast (2.0) and Slow (50.0).

It does well for scalping (M1, M5), day trading (M5, M15, M30) and swing trading (H1, H4, D1).

Free Download

Download the i-ama-optimum.mq4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the i AMA Optimum forex indicator in action.

Basic Trading Signals

Signals from the i AMA Optimum forex indicator are easy to interpret and goes as follows:

Buy Signal: Open buy position after price rises and closes above the AMA indicator line (bullish price movement).

Sell Signal: Open sell position after price falls and closes below the AMA indicator line (bearish price movement).

Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.

Download

Download the i-ama-optimum.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (P, Fast, Slow) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: moving average

Installation

Copy and paste the i-ama-optimum.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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