About ADX on MQL5 portal (with formulas and explanation about 'why' and so on) -
----------------
- MQL5 Reference - Technical Indicators - iADX
- MQL5 Reference - Technical Indicators - iADXWilder
- Smoothed ADX by John Ehlers - indicator for MetaTrader 4
- MQL5 Wizard - Trade Signals Based on Price Crossover with Moving Average, confirmed by ADX - expert for MetaTrader 5
- The class for drawing the ADX using the ring buffer - indicator for MetaTrader 5
- Advanced ADX - indicator for MetaTrader
- Adx EA - expert for MetaTrader 4
- ADX - Average Directional Index - the video
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Forum on trading, automated trading systems and testing trading strategies
ADX of MT4 doesn't give same result as ADX of VT Trader
Rashid Umarov, 2009.01.06 07:36
See 'WildersDMI_v1'Forum on trading, automated trading systems and testing trading strategies
ADX of MT4 doesn't give same result as ADX of VT Trader
Rashid Umarov, 2009.04.27 15:22
Change 'WildersDMI_v1' as you need.Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.06.26 07:07
How To Trade: ADX 50 trend trading strategy (adapted from the
article)
Finding a strong directional move is the first priority of any trend trader. However, when having to select a currency pair to trade, it can be difficult to identify the best trends. For the ADX 50 strategy we will be using the ADX (Average Directional Index) indicator for this process. First, add a 14 period ADX to the 4Hour chart, using Daily periods.
Remember, ADX is not identifying the direction of the trend, only its intensity. If a currency pair’s trend is weak or if the pair is
consolidating, ADX will read significantly lower than a strong directional market. For the ADX 50 strategy, we will only be
looking for currency pairs with an ADX value of over 50! If Daily ADX reads over 50, you can then begin to move to the execution phase of
the strategy.
Once a strong trend is found, it is time to plan an entry into the market. The ADX 50 trend trading strategy uses an RSI (Relative
Strength Index) indicator with a 14 period setting on a 4Hour chart.
Traders should always have a plan for managing their position. Eventually trends will come to an end and any existing trades should be exited. When initiating a buy order, stop orders should be placed at a 14 period low on the 4Hour chart. That way if a new low is created, all existing buy trades will be closed. Conversely if a trader is selling in a downtrend, stops can be placed at a 14 period high again using the 4Hour chart.
About ADX on MQL5 portal (with formulas and explanation about 'why' and so on) -
----------------
- MQL5 Reference - Technical Indicators - iADX
- MQL5 Reference - Technical Indicators - iADXWilder
- Smoothed ADX by John Ehlers - indicator for MetaTrader 4
- MQL5 Wizard - Trade Signals Based on Price Crossover with Moving Average, confirmed by ADX - expert for MetaTrader 5
- The class for drawing the ADX using the ring buffer - indicator for MetaTrader 5
- Advanced ADX - indicator for MetaTrader
- Adx EA - expert for MetaTrader 4
- ADX - Average Directional Index - the video
----------------
Yeah, I got my answer.
Thanks for the help.
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The ADX calculated in MT4 with period 14 id different than ADX calculated by tradingviews.com chart or investing.com chart. Why is it so? Can any body knows this?