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Views:: 3965
Rating:: (16)
Published:: 2017.05.29 13:55

FILTER_ADX_AM.mq5 (22.01 KB) view

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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 mql4.com on 22.07.2009.

Fig1. The FILTER_ADX_AM indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17952

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FILTER_ADX_AM - indicator for MetaTrader 5