Indicator Name: MAMA & FAMA (Rocket Science)
This indicator consists
of two functions, MAMA and FAMA.
Function Name: MAMA based on Homodyne Period
Length
Format: ExtFml( "ADSI.MAMA_Homodyne", Prices,
fastLimits, slowLimits )
Function Name: FAMA based on Homodyne Period
Length
Format: ExtFml( "ADSI.FAMA_Homodyne", Prices,
fastLimits, slowLimits )
Input 1: Prices. (suggested input is Median
Price)
Input 2: slowLimits. This value is range bound
between 0.0 and 1.0. Also, the slowLimit must be greater than
the fastLimit for each bar. A value of 0.5 is recommended.
Input 3: fastLimits. This value is range bound
between 0.0 and 1.0. Also, the fastLimit must be less than the
slowLimit for each bar. A value of 0.05 is recommended.
Formula 1.)
ExtFml("ADSI.MAMA_Homodyne",
MP(), 0.5, 0.05 );
ExtFml("ADSI.FAMA_Homodyne", MP(), 0.5, 0.05 );
Figure 1.)
Metastock screenshot with Indicator Description
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