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Originally Posted by gabroo_munda
Hi gang,
can someone build a color coded AMA indicator? it could be blue when it is trending up and red when trending down. i tried doing it..but couldn't get around it. i think if done this way...it can be a powerfull indicator. thanks
regards
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The AMA or variable moving average is indeed a great indicator. I use it now severall years for my professional trading.
I could sujest the following: place the dk value on 0 (as shown on image). This way you will get plenty of dots and they will give you the impression what you are looking for.
I can also sujest the values that you see on the image. Lots of backtest (over many years of data and severall pairs and stock indexes) with Metastock professional proved that those are the best values.
Hopefully this can help you a bit....