Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

VHF adaptive ADXm - indicator for MetaTrader 5

Mladen Rakic

Views:
820
Rating:
votes: 8
Published:
2018.10.08 17:47
Updated:
2018.10.08 18:27

Basics :

Originally this indicator was developed for MetaTrader 4 by ANG3110 (it was originally posted here : https://www.mql5.com/en/code/7566 )


From the original description :

Unlike the traditional ADX indicator, where the ADX itself is plotted in absolute units and detection of the trend direction is hindered, this indicator clearly displays the positive and negative ADX half-waves (displayed as colored on the chart). And the DI+/- signals are displayed as their difference (gray).

The method of using this indicator is the same as the traditional one.

In addition, it displays the levels (dashed), above which the market is considered to be in a trend state. This level is usually set to approximately 20-25 percents, - somewhat depends on the time frame it is used on.

This version :

It is using VHF (Vertical Horizontal Filter) in order to make it adaptive. That way it is being faster in response to market changes and signals tend to happen faster then on the regular version

Usage :

You can either use color changes as short term trend change signals, or 0 crosses as longer term trend assessment


DSL Chande momentum oscillator - smoothed DSL Chande momentum oscillator - smoothed

DSL Chande momentum oscillator - smoothed

Heiken ashi smoothed - zone trade Heiken ashi smoothed - zone trade

Heiken ashi smoothed - zone trade

VHF adaptive VMA VHF adaptive VMA

VHF adaptive VMA

Vidya Vidya

Variable Index Dynamic Average (VIDYA)