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ColorMomentum AMA Indicator with Higher-Timeframe Selection

Article MQL5 code base
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Summary

This short indicator description covers a higher-timeframe option for ColorMomentum_AMA. A user can select the chart period from the indicator’s inputs, with a four-hour period shown as the default. This allows the indicator to be configured to use a timeframe different from the chart on which it is applied.

The description provides no explanation of the underlying momentum or adaptive moving average calculation, signal interpretation, trading rules, or performance evidence. It also states that the base ColorMomentum_AMA indicator file must be installed in the platform’s indicators folder. The material is therefore limited to a configuration detail and dependency, rather than an evaluation of the indicator’s usefulness or risks.

Key ideas

  • The indicator adds an input for selecting the timeframe used by ColorMomentum_AMA.
  • The documented default timeframe is four hours.
  • The base ColorMomentum_AMA indicator file is required.
  • No calculation details, trading rules, or performance evidence are supplied.

Tags

Technical indicatorsMomentum

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.