Neuro Proba: Kaufman AMA-Based Trend Indicator
Info
The Neuro Proba: Kaufman AMA-Based Trend Indicator is a Indicator for MetaTrader 4 that neuro proba is a trend indicator developed using the principles of kaufman's adaptive moving average (ama). The indicator utilizes a neural network approach to identify trend direction.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Neuro Proba: Kaufman AMA-Based Trend Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Neuro Proba is a trend indicator developed using the principles of Kaufman's Adaptive Moving Average (AMA).
Typical Use Case
This Indicator excels in trend following on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Custom Bollinger Bands - another powerful indicator for MetaTrader 4 traders.
Neuro Proba is a trend indicator developed using the principles of Kaufman's Adaptive Moving Average (AMA).Also recommended: buy sell zig zag - similar indicator with strong performance on MetaTrader 4.
The indicator utilizes a neural network approach to identify trend direction.
Initialization Phase:
Upon startup, the 'init()' block trains the neural network using data from 200 to 300 bars. This process determines the optimal weight coefficients for the network.
Indicator Operation:
Following the initialization, from bar 300 to bar 0, the trained network processes calculated values. These outputs can be compared against standard indicator values.
Performance Evaluation:
Ideally, a well-trained network will exhibit minimal errors within the initial training range (bars 300-201). If the network produces significant errors outside this range (bars 200-0), it may indicate 'relearning'. In such cases, reducing the number of input neurons or adjusting the model may be necessary.
Compatibility:
The underlying logic for the Kaufman AMA can be referenced or implemented using a custom indicator labeled 'kaufman2' within the codebase.
You may also like: Channels Indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 green
#property indicator_color2 blue
#property indicator_color3 red
extern int beginbar=300; //
extern int endbar=201; //
extern int studynumber=100; // .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.