A modification of the popular ADX indicator. With no difference line (literally, the DMI indicator), in the form of the colored cloud.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 13.09.2007.
Fig.1. The ADXDMI indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15675
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.