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Views:: 6365
Rating:: (19)
Published:: 2018.05.15 13:36

ADXVMA histogram.mq5 (12.98 KB) view

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ADXVMA is one new sort of a Moving Average.

It is using modified ADX calculation for adapting Moving Average calculation. The process of adapting is so efficient that it filters out a lot of noise out of the market and produces longer periods of smooth values.

This is a binary version of ADXVMA indicator: instead of showing the values of ADXVMA on chart, it displays only the state of the slope of the ADXVMA in a form of a histogram.

ADXVMA

ADXVMA uses modified ADX calculation for adapting Moving Average calculation.

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ADXVMA Histogram - indicator for MetaTrader 5