Indicators: ADX trend smoothed - multi time frame

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Automated-Trading
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Automated-Trading  

ADX trend smoothed - multi time frame:

ADX trend smoothed - multi time frame

ADX trend (that is a part of adxvma calculation) made as standalone indicator and using Jurik smoothing for result smoothing (in order to lessen the false signals)

It is in a same way as any trend assessment indicator: when the color is changed, the trend is changed too

In this version timeframes supported are all the possible timeframes supported by MetaTrader 5 and it has 3 "special" timeframes:

  • Next higher timeframe: first higher timeframe compared to active chart.
  • Second higher timeframe: second higher timeframe compared to active chart.
  • Third higher timeframe: third higher timeframe compared to active chart.

If some of these 3 timeframes are used, then the timeframe is set automatically as you change the timeframe of the chart.


PS: this is a standalone indicator. It does not need any other indicator in order to work correctly

Author: Mladen Rakic

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