The Fractal Adaptive Moving Average for Metatrader 5 provides smoother moving average trading signals based on market volatility.
The Fractal Adaptive Moving Average is also known as FRAMA and was developed by John Ehlers.
The advantage of using the FRAMA indicator: it adjusts its sensitivity to market price movements based on the current market conditions.
Identifying bullish and bearish market sentiment with the FRAMA indicator:
- An upward sloping FRAMA line represents a bullish market.
- A downward sloping FRAMA line represents a bearish market.
The following indicator inputs and parameters can be modified: Frama period, and indicator’s shift.
The Fractal Adaptive Moving Average indicator works for any trading instrument available on the MT5 charting platform.
Worth noting: it is advisable to gain familiarity with this technical tool and conduct thorough testing on a demo account.
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Chart Example
The picture below illustrates how the Fractal Adaptive Moving Average indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Fractal Adaptive Moving Average Indicator?
Find a simple trading strategy below:
Add both a longer-term and a shorter-term FRAMA to the price chart, utilizing them as a crossover trend trading strategy.
For instance:
Add the 5 period FRAMA and the 50 period FRAMA to the price chart.
How to trade with this simple, yet effective strategy?
- A buy signal is confirmed when the 5 period FRAMA line crosses above the 50 period FRAMA line from below.
- A sell signal is confirmed when the 5 period FRAMA line crosses below the 50 period FRAMA line from above.
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Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the frama.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration