The MAMA bot places orders based on the MESA Adaptive Moving Average (MAMA) indicator. Trading signals are generated when FAMA and MAMA lines cross. When the FAMA line crosses the MAMA line from below, a buy signal is generated. When the FAMA line crosses the MAMA line from above, a sell signal is generated.
How to set up the MAMA bot
- Set up the timeframe for your MAMA bot.
- Set up the fast limit.
- Set up the slow limit.
The MESA Adaptive Moving Average indicator is a technical analysis indicator that helps to respond the changing market conditions and reduce the lag in trend identification. The MAMA was developed by John. F. Ehlers in 2001 and is based on the concept of the Maximum Entropy Spectral Analysis (MESA) of market data. MAMA is a unique moving average that adjusts its speed based on the market volatility, making it a more responsive and accurate indicator compared to traditional moving averages. The purpose of the MAMA is to provide traders with a smoother and more reliable representation of price movements, which can help them make better-informed trading decisions.
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