Here is my modified version of the Ehler's MAMA. I added some colorization, a smoother, and a novel (at least in my mind) signal mechanism. The MAMA does a great job of keeping price on one side of the lines. I noticed that when price closes above a down-sloping MAMA or when price closes below an up-sloping one, there is a very good chance a pullback or reversal is closing in. Hey, I didn't invent the cure for cancer, I just made this a wee bit more useful. No harm , no foul if you try it out and then delete it. But test it out and see if it doesn't add a bit of 'early warning' to your other indicators. As always, let me know what you think of it.
Category NinjaTrader 8 Indicators and More
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