Extended version of ADXm posted here : https://www.mql5.com/en/forum/179671/page19
Yes, i know sir. You explained the difference in detail the other day. However, when it's flattened into tape style in mulple periods as he requested, i am not sure if they have meaningful difference. I use Nihilist's ADX tape and even if it's based on incorrect (or 'unique') calculation of ADX, it works very nicely....
Using multiple periods of ADX was pioneered by Alien's system in FF as far as i know, and i love this idea.
Actually the difference between built in ADX and Wilders ADX can be big
See this comparison (same parameters used for both, both versions made by metaquotes)
Indeed. I have used Wilder's ADX with 5 period setting for about two years. This looks close to MT4 ADX 7 period....
When you find some free time in the future, please consider making a Nihilist style Wilder ADX indicator... Many people like this indicator, and i think they would even more like Wilders implementation.
Sir mladen and coders alike.
I tried adx bar from page 1, but the indicator doesn't work.
Here i want to request something else.
Proposed by Barbara Star in his article: Trade Breakouts And Retracements With TMV, She combined adx with sma. Here is the result.
The underlying principle of this is:
Can you do this if its not bothersome? Thanks in advance