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Views:: 5843
Rating:: (17)
Published:: 2017.05.29 13:56

FILTER_ADX_AM_ch.mq5 (23.62 KB) view

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Real author: Andrey Matvievskiy

A simple trend indicator based on the smoothed Average Directional Movement Index drawn in the main chart window. The uptrend is marked by a lime dot, if the plus line of ADX is above its minus line. The dot is red if the position of the lines is the opposite. A large dot with a growing ADX is an indication of trend strengthening. A small dot 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_ch indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17975

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FILTER_ADX_AM_ch - indicator for MetaTrader 5