Indicators: ADXVMA Histogram
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ADXVMA Histogram:
ADXVMA is one new sort of a Moving Average.
It is using modified ADX calculation for adapting Moving Average calculation. The process of adapting is so efficient that it filters out a lot of noise out of the market and produces longer periods of smooth values.
This is a binary version of ADXVMA indicator: instead of showing the values of ADXVMA on chart, it displays only the state of the slope of the ADXVMA in a form of a histogram.
Author: Mladen Rakic