The Anchored Momentum Indicator (AMI) is a popular and free MT4 indicator used by many forex traders. This useful tool displays the momentum of a currency pair in a visually appealing and easy-to-understand way. It helps traders to identify overbought and oversold levels in the market, allowing them to make informed trading decisions. The Anchored Momentum Indicator uses a combination of three different moving averages to generate the momentum reading. The first is a fast moving average, which is used to identify short-term price movements. The second is a slow moving average, which is used to identify longer-term price movements. Finally, the third is a weighted moving average, which is used to smooth out any fluctuations in the momentum reading. With its customizable settings, visual alert feature, and easy-to-understand momentum readings, the Anchored Momentum Indicator is a great choice for any forex trader.

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