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Indicators

Smoothed ADX - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
Views:
4079
Rating:
votes: 14
Published:
2011.11.15 18:26
Updated:
2016.11.22 07:32

Real author:

Rosh

John Ehlers smoothing algorithm is applied to all three standard ADX (Average Directional Movement Index) indicator buffers.

The image below shows that smoothed ADX contains less market noise in comparison with standard ADX.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com 28.02.2007.

ADX and ADX Smoothed indicators

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/546

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