Measure price action and trend direction with APAMI indicator

MaAT has done it again and has released a new coincident indicator that's actually not so new to a few of us who have had a chance to use it privately.

Basically APAMI (Awesome Price Action movement indicator) measures whatever length you want in a concurrent manner (tick-by-tick). By using pass/fail criteria to qualify the price movement, it determines a start point and an end point solely based on price action and the user-defined qualification of measuring the "higher highs" and "lower lows" required in a developing trend. The measuring of the price action automatically dictates the trend direction without any further interpretation or smoothing required. NO REPAINTING.

The default settings are ok for most brokers; the primary setting that most beginners will change is the moveComplete. As your tinker with it more, you'll adjust the retracement qual and ignore distances.

If this sounds confusing, there is a video that explains more how the indicator works to measure the trend. The video actually compliments the whitepaper abstract, which explains more of the technical details of how the algorithm works.

The hardest thing when I first started using this indicator was letting go of the "lagging mindset", where you are trying to predict price movement just to keep up with current momentum. One indicator that clarifies Multiple time frame analysis is also unnecessary, as the price movement is the same across all timeframes.

So I will upload the mt4, mt5 versions of the indicator; quick instructions are included in the zips and the full instruction manual is also finished. I can also answer some basic questions, but the indicator does most of the repetitive work (as all indicators/EA should)

Edit 18 Jan 2016: Update 18 Jan 2016: Apami 3.5 has been released; Please upgrade. Major improvements include:

- Works with mt4 b765+ (b600+ should be ok also)
- can backtest to see how trends would have been formed (need tick data for maximum accuracy, limited to 2 weeks)
- switch to use as an Expert Advisor to help preserve historical moves and overcome other mt4 limitations of indicators
(APAMI does not place any trades)
- simplified inputs tab
- increase accuracy on multiple, same-bar move calculations
- mouseover tooltips show the precise start and end levels for failed and completed moves.
- Whitepaper abstract has been translated into Spanish, Malay, and Chinese. You can email with any translation help or request.

- [Pro] Keep historical moves on chart for study

- [Pro] Longer backtest capability

- [Pro] Remove HUD or implement more advanced HUD

- [Pro] Email / Push / popup alerts when moves are completed

- [Pro] Track Up OR down trends only

- [Pro Plus] Ability to save historical moves to file and recall to chart

- [Pro Plus] breakdown and measurement of volatility across consecutive ticks

- [Pro Plus] volatility-adjusted trend moves based on consecutive ticks over a predefined distance

- [Pro Plus] store historical volatility in csv or display on chart.

- [Pro/Pro Plus] Can be ported to other charting platforms (cTrader, jForex, Multicharts, NinjaTrader, Amibroker, TradingStation etc)

There really is no limit to how APAMI can be used (arbitrage, news, value trading, etc). The previous videos presented it in terms of a form of value trading (cost averaging).

Here is a quick setup video to get you up and running:


Note: Current version of apami may not not work with Build 600+. Install mt4 build 509 or lower in a separate folder and continue to use APAMI from that terminal: http://www.donnaforex.com/forum/index.php?topic=12244.0 MaAT is working on releasing a more permanent fix for b600+. Older 3.0 version works on mt4 ≤b509 version will be available for historical purposes only. MQ retired it some time ago. Old Mt5 version should continue to work, but mt4 is the one actively being developed.

Attached File(s)

!APAMI_3.0_FREE_MT4.zip   57 KB | 5,972 downloads

Attached File(s)

!APAMI_3.5_FREE_MT4.zip   166 KB | 3,853 downloads | Uploaded Jan 26, 2016 3:27am

Dear ybfjax
Good work but it seems nobody is interested !
Anyhow, I will try it and comment soon
Goodluck to all in trading XXXX=4X

There seems to be quite some interest in a coincident trend indicator. In fact, the whitepaper has been translated into Malay, Japanese, Chinese, German, Thai, Arabic, and Spanish. Send a PM or reply here if you are interested in the translation.

The real interest seems to be focused on the complete mechanical trading system that was built around the indicator, not just the indicator itself. Although even with the indicator itself, some savvy users can wrap their own systems around it as well. The indicator here was free, so not sure why it is here in the commercial forum.

Anyway, let us know how it goes.

I'm very interested but having downloaded and installed it doesn't seem to do anything.
I have buit many, many EA's but the one thing I just haven't found is a solid Trend indicator.
Regards and hope I get a response.

Apami is as solid and straightforward as they come. I assume that you have read the instruction manual, whitepaper, and/or have watched the videos. If so, what is your understanding of how apami is supposed to do?

Which broker are you using? What currency pair(s) are you using? How long have you waited since you applied the indicator to a clean chart? Can you post a screenshot?

I am a newbie in forex (playing with it for 2months) on demo account but I do however have live account (Oanda).

I have installed APAMI for MT4 and so far so good (well… at least is working J)
However, I do have some questions…. First, I was trying to determine when do you actually enter the trade… After watching a video which led me to another video on YouTube, it looks like once the trend (yellow for up or red for down) completes, you enter the trade in opposite direction?
Also, do you enter stop loss using this system and what would that be on 1 minute chart (I am using 1 min for now to see it in action).
When you enter the trade, how do you determine when to take profit (what would be good take profit PIP for 1 minute chart).

BTW... Good work on this indicator :-)

The short answer is we normally use the indicator as a countertrend entry tool. It is not the only way to use it, but we found it to be the easiest. Wrap a consistent grid (single lot sizes or martingale) around the initial entry point, and then you exit with a net profit (basket). Stop loss is also a basket (equity based). Avoid worrying about % win/loss and instead focus on net wins/losses. To keep things simple, start with a fixed take profit dollar amount = 25% of the moveComplete pip value plus the spread/commission.

The longer answer will require another video for a visual demonstration. Maybe next week something interesting will be posted. We are glad to see people are actually thinking about the entire systematic approach to trading, not just jumping on the next "holy grail" signal. Good work on seeing price action clearly for yourself.

This is a very interesting concept - I have never seen anything like it. Thanks for posting. I am also watching the M1 chart (EUR/JPY) and look forward to seeing how this strategy develops.

Hi there, i am very interested to learn how to use this thr right way. Would be nice if you post the rules or examples with pictures. Where to enter and where to exit a trade. And also when the trade failed.
tks

hello to all,
I'm studying the indicator but I also do not understand when to enter and Commercial in which direction.
Have any of you found something?
thanks

Wow at first look this indi looks absolutely incredible, i have in in demo now and just amazing. Just need to tweak on how to utilize it most efficiently. Can you tell me how to adjust the amount of pips it measures to target?

Thanks again!!!!

is it possible to turn into an EA?

Thanks for the good work. I have tried many indicators but this is the best tool for trend detection, combine it with fibonacci ratios and you will have a 99 % wining system

how do you install the mt5 version to mt5?

Hello,
I do not know why this indicator does not work for me, do not see it in the list of custom indicators. I installed it several times but I can not use it. I have Windows XP 32 bits. What could be the problem?

Hi,
just find the Apami indicator, but new MT 4 release 600 smash the installation. I have a Windows XP Pro with the Metatrader 4 build 507 (no update till now) and the settings from post #1 everything work fine.
With my Windows 7 32 bit and the upgrade Metatrader 4 build 600 the indicator run, but show no lines

I suppose the problem is the file Apami 3.0 FREE.dll - won't found in the [mt4 installation folder]\experts\libraries that doesn't exists in the new build 600. But manually inserting (folder and file) don't solve the problem.
In the build 600 the new folder for libraries is in the same level as experts.

Today my broker update the MT4 build without any clue in the Windows XP Pro to release 600, too. Interestingly, now we have two different installation folder depending on the OS. Very strange behavior .

Hello.

I installed the MT4 at Apami.
I have a problem, Apami does not work ,I see only one blue line. Others missing.
Indicator says with a bell - (Missing data in Indicator Arrays, awaiting data refresh)

Please help.

Viktor

For those people having an issue with APAMI with mt4 build 600+, please use build 509. I updated the first post of this thread with instructions. There is a fix in the works for build 600+.

Apama does not work on MT4 platfom! I tried the 600 and 509
I tried to IT Take each friend he failed.
Why this great indicator does not do work on existing platforms updated Oanda Build 610 or IC Markets Build Build 625?
Thank you.

Hi,

I am having trouble installing the indicator, can you please help.

I am getting error "EURUSD missing data in indicator arrays, awaiting data refresh"

Thank you