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votes: 15
2017.05.29 13:55

Real author: Andrey Matvievskiy

A simple trend indicator based on the smoothed Average Directional Movement Index. The uptrend is marked by a lime bar, if the plus line of ADX is above its minus line. The bar is red if the position of the lines is the opposite. Thick bar with a growing ADX is an indication of trend strengthening. A thin bar with a falling ADX indicates its weakening.

This indicator was first implemented in MQL4 and published in Code Base at on 22.07.2009.

Fig1. The FILTER_ADX_AM indicator

Fig1. The FILTER_ADX_AM indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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