Indicators: ADXCrossing
Nikolay, good work!
But there is one BUT. ADX is important not only crossing of DI+ and DI- lines, but also crossing of levels.
Example Buy and STOP Buy:
DI+ crosses DI- from bottom to top and, continuing upward movement DI+ crosses level 20 - Buy signal.
This signal is useful to add and output additionally after the signal of crossing DI+ and DI-.
I.e. the crossing of DI+ and DI- is a thin point. DI+ crosses the level, the point is Bold.
It is useful to display the level in the settings panel. Because for each pair it is necessary to set a different level usually from 16 to 25.
When DI+ reaches the level of 35, the signal to close STOP Buy is displayed.
The level is also displayed in the settings panel.
Example Sell and STOPSell :
DI- crosses DI+ from bottom to top and continuing upward movement DI- crosses level 20 - output Sell signal.
Similarly, it is useful to add and output the signal additionally after the signal of crossing DI+ and DI-.
The crossing of DI+ and DI- is a thin point. DI- crosses the level point Bold.
Output the level in the settings panel.
When DI+ reaches level 35, the signal to close STOP Sell is output.
This level is also displayed in the setup panel.
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ADXCrossing:
Author: Nikolay Kositsin