Indicators: Advanced ADX
would be interesting to have the 2 buffers and make it into an EA 1 for change of colours
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Advanced ADX:
The Average Directional Index (ADX) is a trend indicator used to measure the strength and momentum of an existing trend. This indicator's main focus is not on the direction of the trend but with the momentum.
The ADX is a combination of two price movement measures, the positive directional indicator (+DI) and the negative directional indicator (-DI). The +DI measures the strength of the upward trend while the –DI measures the strength of the downward trend. These two measures are also plotted along with the ADX line.
Sometimes it is hard to follow the relative positions of +DI and -DI values to determine which trend is currently the prevailing. This version instead uses different display in order to make that as easy as it can be. The ADX values are easily comparable to the significant level, the the color of the ADX value and histogram clearly shows the trend. That way it is easier to follow the ADX trend(s) and values.
Author: Mladen Rakic