Mov Avg MAMA (Indicator)
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Input Information
| Name | Expression | Default | Description |
| Price | Numeric | Close | Value used in calculating the moving average. |
| FastLimit | Numeric | 0.5 | Maximum allowable value for calculation of the alpha value for smoothing. |
| SlowLimit | Numeric | 0.05 | Minimum allowable value for calculation of the alpha value for smoothing. |
| FAMAMult | Numeric | 0.5 | Multiplier for FAMA alpha value to provide additional smoothing. |
| PlotFAMA | TrueFalse | True | True to plot the FAMA value; False to not plot the FAMA value. |
| ColorCellBGOnAlert | TrueFalse | True | Change cell background color when true, otherwise false. |
| BackgroundColorAlertCell | Numeric | DarkBlue | Color of cell background to use if above value is True. |
Market Synopsis
The Mov Avg MAMA indicator calculates and plots values for MAMA (Mesa Adaptive Moving Average) and FAMA (Following Adaptive Moving Average) based on an exponential moving average.
This indicator features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the next ratchet occurs.
Plot Information
| Number | Name | Default Color | Description |
| Plot1 | MAMA | Cyan | Plots the MAMA value. |
| Plot2 | FAMA | Magenta | Plots the FAMA value. |
| Plot3 | Grid Str | Yellow | In grid, plots a string indicating a cross over or cross under. |
When applied to a chart, this indicator displays two plots in the same subgraph as the price data.