How to use the ADX in VT Trader? What do you know about it? - Technical Indicators

[Deleted] 2008.06.25 12:32 #141

Pipperoni:
ND,

Experimenting a bit more with overlaying 2 indicators in a separate window, I noticed that the main problem seems to be the miss match of the scales. The indicators, although in the same window, are not remaining centered around each other. They are merely randomly drawn in the same window and there for more or less useless.

Your suggestions are very welcome.

You must set fixed scale for each one. (in the inputs parameters)

FerruFx

iberenhaus 2008.08.21 22:35 #142

Wilder's ADX

igorad:
Hi,

Recently I've found out, that ADX for MT4 is different with original Wilder's DMI. So, I've decided to develop correct DMI for our community.

With this indicator you can plot DMI+, DMI-, ADX and ADXR lines.

Regards,

Igor

I am very interested in your indicator because Bill Poulos has complained that the ADX indicator within MT4 isn't correct. He advocates using the ADX within VT Trader which means changing software (and potentially brokerage firms) to use a correct ADX. I installed the indicator you programmed and the ADX became visible (after setting "Use ADX" to 1). It looks quite similar to the ADX in VT Trader which has two parameters (14 and 14) which appear to be the length of the ADX and the length of the DMI.

Can you confirm that I am understanding all of this correctly and that the default ADX within MT4 is different than Wilder's, while yours is a close approximation of Wilder's ADX?

I certainly appreciate your help.

Thanks,

Ira Berenhaus

iberenhaus@comcast.net

Relative Strength Index - Relative Strength Index - Relative Strength Index -

iberenhaus 2008.08.21 22:52 #143

igorad:
Hi,

Recently I've found out, that ADX for MT4 is different with original Wilder's DMI. So, I've decided to develop correct DMI for our community.

With this indicator you can plot DMI+, DMI-, ADX and ADXR lines.

Regards,

Igor

I'm trying to get the hang of using this blog. Not sure what governs where a response gets posted or where to look for replies.

Igor, I tried your ADX and compared it to the ADX values in VT Trader for daily bars on EURUSD. While the numbers are much closer than the default MT4 ADX, they are still quite different than VT Trader values. Bill Poulos advocates a cutoff level of 16. I've been looking at when VT Trader has an ADX greater and less than 16 vs. your indicator. There are considerable differences. The parameters are 14, 14 in both cases. Do you have any thoughts about the discrepancies.

I appreciate your help.

Ira Berenhaus

iberenhaus@comcast.net

Average Directional Movement Index Average Directional Movement Index Average Directional Movement Index

Ingvar Engelbrecht 2008.08.22 05:32 #144

iberenhaus:
I am very interested in your indicator because Bill Poulos has complained that the ADX indicator within MT4 isn't correct. He advocates using the ADX within VT Trader which means changing software (and potentially brokerage firms) to use a correct ADX. I installed the indicator you programmed and the ADX became visible (after setting "Use ADX" to 1). It looks quite similar to the ADX in VT Trader which has two parameters (14 and 14) which appear to be the length of the ADX and the length of the DMI.

Can you confirm that I am understanding all of this correctly and that the default ADX within MT4 is different than Wilder's, while yours is a close approximation of Wilder's ADX?

I certainly appreciate your help.

Thanks,

Ira Berenhaus

iberenhaus@comcast.net

The ADX in MT4 works different compared to Wilders original method. There is a posting, I have forgotten where on this site that has a good ADX named WildersDMI_v1. It works correctly. I have told this to Bill Poulus and also provided him with a link to this site. Obviously he prefer not to inform his customers that there is a good ADX available for MT4. I have done some MT4 programming implementing one of his methods in MT4. (I bought his quite expensive package). I am not 100% sure I got everything right but so far its no good. On his site with testimonials there is an entry where a person claims to have programmed the indicators. When I tried to get in contact with that person and asked Bill about his address Bill blankly refused. Even after presenting Bill with good reasons why and some arguing. Makes you wonder why.

OOP fundamentals: Abstraction Handles and counters of MQL5 Wizard: Development of

Linuxser 2008.08.23 10:27 #145

ingvar_e:
The ADX in MT4 works different compared to Wilders original method. There is a posting, I have forgotten where on this site that has a good ADX named WildersDMI_v1. It works correctly. I have told this to Bill Poulus and also provided him with a link to this site. Obviously he prefer not to inform his customers that there is a good ADX available for MT4. I have done some MT4 programming implementing one of his methods in MT4. (I bought his quite expensive package). I am not 100% sure I got everything right but so far its no good. On his site with testimonials there is an entry where a person claims to have programmed the indicators. When I tried to get in contact with that person and asked Bill about his address Bill blankly refused. Even after presenting Bill with good reasons why and some arguing. Makes you wonder why.

iberenhaus:
I'm trying to get the hang of using this blog. Not sure what governs where a response gets posted or where to look for replies.

Igor, I tried your ADX and compared it to the ADX values in VT Trader for daily bars on EURUSD. While the numbers are much closer than the default MT4 ADX, they are still quite different than VT Trader values. Bill Poulos advocates a cutoff level of 16. I've been looking at when VT Trader has an ADX greater and less than 16 vs. your indicator. There are considerable differences. The parameters are 14, 14 in both cases. Do you have any thoughts about the discrepancies.

I appreciate your help.

Ira Berenhaus

iberenhaus@comcast.net

On igorad's version changing ADX form 1 to 0 you only hide the DMI and just see the DI+ and DI-.

Some history:

igorad discovered the problem long time ago: https://www.mql5.com/en/forum/172923/page4

After read igorad comments I've contacted metaquotes. They made another DMI indicator but they decided to not include on the releases. Funny right? You recognize something is wrong but you don't want to fix it.

On last march, mladen and I we had a long long talk (32 messages). And he made 3/4 different new versions about Wilders DMI. One of them is the exact reply of the one explained into wilder's book, as igorad did two years ago. Differences are minors, see picture. Igorad last version is on the bottom.

Files:

projection6a.gif 17 kb

Chart change event Arithmetic Operations Static variables

Mladen Rakic 2008.08.23 16:22 #146

Just a continuation of Linuxsers message : the "to the letter" DMI

The reason it never was posted is that differences (value wise) compared to igorads version are marginal (compare them - you will see)

Also, if some other indicator shows different values than this one, then that indicator is wrong. This one is made to the letter the same way that Welles Wilder calculated it ("New Concepts in Technical Trading Systems" 1978 - starting from page 35)

Btw: apart ofDMI (ADX), SAR, Volatility index, The Relative Strength Index (yes, the RSI), and some more goodies described in that book 30 years ago Maybe it is time people consider actualy reading that book. Anything capable of surviving 30 years in this world must have at least a grain o geniality in it. And that book really does show how the genius thinks

Linuxser:
On igorad's version changing ADX form 1 to 0 you only hide the DMI and just see the DI+ and DI-.

Some history:

igorad discovered the problem long time ago: https://www.mql5.com/en/forum/172923/page4

After read igorad comments I've contacted metaquotes. They made another DMI indicator but they decided to not include on the releases. Funny right? You recognize something is wrong but you don't want to fix it.

On last march, mladen and I we had a long long talk (32 messages). And he made 3/4 different new versions about Wilders DMI. One of them is the exact reply of the one explained into wilder's book, as igorad did two years ago. Differences are minors, see picture. Igorad last version is on the bottom.

Files:

wilders_dmi_book.mq4 5 kb

Average Directional Movement Index Average Directional Movement Index Average Directional Movement Index

fxbs 2008.08.24 16:12 #147

thank you guys

in a nutshell - what was the major diference in the Wilders and stock f-la?

(i heard the joke about i and dmi)

fxbs 2008.09.27 11:22 #148

not bad filter?

TD moving average I https://www.mql5.com/en/forum/178551/page2

Files:

td_mai.gif 11 kb

wwx 2008.10.05 17:19 #149

Anyone know how to use the digital filter.exe applications' spectral analysis?

I open the folder and pick a CSV file exported from metatrader 4 and it says

"15:08:2008 16:15 is not a valid date time".

Any ideas?

Uninstalling the Platform - Generating included code - Platform Installation - For

Linuxser 2008.10.06 01:15 #150

wwx:
Anyone know how to use the digital filter.exe applications' spectral analysis?

I open the folder and pick a CSV file exported from metatrader 4 and it says

"15:08:2008 16:15 is not a valid date time".

Any ideas?

One answer starts here:

https://www.mql5.com/en/forum/173071

Other is to read: https://www.mql5.com/en/forum/175938

Filters indicators - page 15