Forex Ehler MESA Adaptive Moving Average Expert Advisor Setup - Setting Up Ehler MESA Adaptive Moving Average Expert Advisor

Forex Ehler MESA Adaptive Moving Average Expert Advisor Setup - Setting Up Ehler MESA Adaptive Moving Average Expert Advisor - A trader can come up with an Ehler MESA Adaptive Moving Average Expert Advisor based on the Ehler MESA Adaptive Moving Average indicator explained below.

Forex Ehler MESA Adaptive Moving Average Expert Advisor rules can be combined with other indicators to come up with other EA Robots that trade using rules based on two or more indicators combined to form a system.

Ehlers MESA Adaptive MA Technical Analysis Signals

Mesa Adaptive MAs was created by John Ehler

Originally used to trade commodities & stocks.

The MESA Adaptive average looks like two MAs. The difference is that the MESA moves in a staircase manner & not in a curved line like the Moving Average. The example below shows this technical indicator plotted on a price chart.

Ehlers MESA Adaptive Moving Average - Ehler MESA Adaptive Moving Average Expert Advisor Setup

The MESA Adaptive MA is a trend following indicator that adapts to price action movement based on the rate of change of price as measured by the Hilbert Transform Discriminator. This indicator will generate a signal when the two Moving Averages cross one another. Trades should be executed in the direction of the MESA averages.

This method features a fast Moving Average and a slow Moving Average so that composite average rapidly follows behind the price changes & holds the average value until the next candlestick close occurs. This indicator is less prone to fake outs compared with the original Moving averages. This is because of its formula used to calculate the rate of change in relation to the price movement.