The Kaufman AMA Averages Filtered ATR Bands Indicator is a momentum tool for MT4 and MT5. Also, it plots in a sub-window below price. It tracks the speed of the move. Thus, you spot overbought and oversold turns early. Alerts fire on each new cross.
For more like this, browse the more oscillators indicators for forex or jump to the full all MetaTrader indicators.
What the Kaufman Ama Averages Filtered ATR Bands Indicator does on the chart
Also, the internals stay close to widely used math. That keeps the tool predictable. It is easy to debug. Also, still, you can compare it to any other chart platform.
The Kaufman Ama Averages Filtered ATR Bands Indicator reads price, volume, and recent bar structure. Thus, it plots the result on the chart. You can read it at a glance. Also, still, hence, it is built for MT4 and MT5. You drag it onto any chart in one step.
Key features and settings
- Plots smoothed momentum on a separate sub-window
- Configurable period for tighter or looser response
- Optional alert toggle on threshold crossings
- Built-in line for overbought and oversold reference
- Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels can be toggled independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
- Built for MT4 and MT5; works on every timeframe the platform supports.
- Lightweight code that does not slow down the chart.
| Setting | Description | Recommended default |
|---|---|---|
| Period | Lookback length used to compute the oscillator value | 14 |
| Levels | Reference levels for overbought / oversold zones | 70 / 30 |
| Alerts | Toggle pop-up, sound, push, and email alerts | Off |
| Color theme | Switch between dark and light chart palettes | Dark |
| Show on chart | Toggle the on-chart visual without removing the indicator | On |
How to read signals from the Kaufman Ama Averages Filtered ATR Bands Indicator
This tool flags shifts in momentum. Thus, it fires when price drifts from a recent mean. Next, a typical workflow looks like this.
Entry idea (long). Wait for the oscillator to dip below the lower reference and then turn back up while price holds a higher swing low. Then, wait for the bar to close. Intra-bar values can shift.
Entry idea (short). Wait for the oscillator to push above the upper reference, then turn back down while price prints a lower swing high. The same close rule applies.
Exit idea. Trailing the stop along the indicator itself works for trends; a fixed multiple-R target works for range setups. Some traders trail with structure. Others trail with the indicator itself.
These are concepts, not rules. In practice, backtest on your instrument and timeframe before live capital.
Tuning the Kaufman AMA Averages Filtered ATR Bands Indicator inputs
Start with the defaults. Then tune for your market. KamaPeriod (default 10) sets the length. Raise it for smoother signals. Also, still, hence, lower it for faster ones. KamaFastPeriod (default 2) sets the fast length. KamaSlowPeriod (default 30) sets the slow length. Yet, each alert — pop-up, sound, email and push — toggles on its own. Also, alerts fire once per closed bar.
Recommended timeframes and instruments
The tool works best where volatility is meaningful but not chaotic.
- M15 to H4 for the best balance of signal and noise.
- Daily for context, widening filters around scheduled news.
As a result, range expands around news. Thus, gold (XAUUSD), US30 and the FX majors show this best.
How to install on MT4 and MT5
Install is the same for each tool here. First, unzip the download. Next, copy the .ex4 file into MT4 MQL4/Indicators. Next, or copy the .ex5 into MT5 MQL5/Indicators. Then, refresh the Navigator. Then, drag the tool onto your chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.
Best practices and tips
- Widen your filters around scheduled news when volatility spikes.
- Treat the bands or range as context, not a standalone trigger.
- Wait for the bar to close before acting on a signal.
- Backtest your configuration on at least 200 closed bars before trading live.
- Keep position sizing small while you learn how the tool behaves on your instrument.
- Review your results weekly and prune settings that underperform.
Get the Kaufman AMA Averages Filtered ATR Bands for MT4 and MT5
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Related on forexmt4systems.com: Bollinger Bands Mean Reversion Strategy for GBPUSD on M15.
Built by forexmt4systems.com
This tool is one of 1,383 free MT4, MT5 and TradingView tools we ship. Also, each tool ships with compiled MT4 (.ex4) and MT5 (.ex5) files. It has a 4-channel alert setup. Also, still, hence, truly, that covers popup, push, email and sound. We load each tool on EURUSD H1 before release. Next, plainly, We check that it draws clean and does not repaint. The opt-in below unlocks the full library.
FAQ
What does the Kaufman AMA Averages Filtered ATR Bands measure?
It plots a clear signal layer. Also, the math runs off recent price and volume on your chart.
Is the Kaufman Ama Averages Filtered ATR Bands Indicator non-repaint?
By default the tool waits for the bar to close. Thus, the signal is fixed once that bar closes. Still, some users prefer the early intra-bar mode for faster signals. Then, both options sit in the inputs.
Which timeframe should I use?
There is no single best timeframe. Thus, yet, still, still, m15 to H1 fits day traders. H4 to D1 fits swing traders. Thus, test the inputs on the timeframe you trade.
Does it work on instruments other than forex?
Yes. Also, still, hence, truly, hence, it runs on any symbol MT4 and MT5 supports. That covers FX majors, gold (XAUUSD), US30, NAS100 and major cryptos. Thus, fast markets may need a smaller period.
Can I add alerts?
Yes. Next, hence, you can toggle pop-up, sound, push, and email alerts in the inputs. The alert plays on the bar close that fires the signal. Next, this tool ships with full alerts built in. That covers popup, push to mobile MT4/MT5, email, and a sound alert with a custom .wav file. Then, each channel toggles on its own (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Then, alerts fire once per closed bar.
For external background reading, see the technical indicator basics. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the tool as one input. Always backtest before trading live.
Category: this is part of our Oscillators collection. Next, plainly, yet, yet, browse more Oscillators for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- The core method is documented in iama (AMA) at the MQL5 Documentation.
- Additional market context is at Moving Averages Simple And Exponential at StockCharts ChartSchool.