AMA STL Color Trend Trading Indicator
AMA STL Color Trend Trading Indicator - is a modification of the adaptive sliding Kaufman AMA.
As you know, the disadvantage of standard moving averages is a lag. The Kaufman AMA moving average eliminates this disadvantage by means of a dynamically changing calculation period, which depends on the market situation.
The trend trading indicator AMA STL Color is displayed as a line that changes its color depending on the position of two moving averages, specified in the parameters of the indicator.
In addition, the indicator implements a filter that allows you to smooth out market noise.
AMA STL Color Trend Trading IndicatorThe moving average, due to its timely response to price changes, is more flexible than the usual moving average, which expands the range of its application on a variety of timeframes.
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