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Indicators: ADXVMA Histogram

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Automated-Trading
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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

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