Ama Bands Indicator

Ama Bands Indicator

Ama Bands is an indicator of forex trading. The band Ama indicator is based on the band, you can say Bollinger bands. With the help of these bands traders make money. This indicator is simple and strong. A trader can rely on this indicator alone to make money consistently on the forex market. The Ama band can be used to trade on a time frame at any time and with any currency pair. The Ama band consists of many bands that function as support and resistance. This simple forex trading indicator is also useful for pro traders and novice traders. When you trade in a lower time frame, make sure that a higher time frame that matches the trend in your direction. Never trade against trends. Yes, there are also those who calculate indicators of trade trends but they are at risk. So, wise and smart to follow trends and make money.

The Ama band consists of several bands that have their own roles. The main significant band is the middle band that helps you find the direction of the market. When the market rises, the mid band is blue and when the market is down, the mid band is red. You have to buy when the market is above the mid band and vice versa. The upper band functions as a good resistance level while the lowest band functions as a support level. But don't distract yourself by seeing all the bands just looking for the color of the middle band.

Buy entry:

Buy condition

• The market must rise in trend.
• When the market crosses above the center line, place your buy position.
• Set stop loss below the recent swing low.
• Take your profit when the center line turns red.

Sell entry:

Sell condition

• The market must go down the trend.
• When the market crosses below the midline, place your sell position.
• Set stop loss above the recent swing high.
• Take profit when the mid band turns blue.

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