More informative Average Directional Index (ADX) indicator with the possibility to select the smoothing algorithm out of ten possible variants.
To improve that ColorXADX.mq5 indicator code has been created, in which +DI and -DI lines are displayed in DRAW_FILLING style with the color that changes depending on the current trend direction and cloud width proportional to the trend power. ADX line is made in the form of dots. Their color depends on the trend power defined by location of these dots relative to the levels, the values of which are assigned in settings.
Author: Nikolay Kositsin
Forum on trading, automated trading systems and testing trading strategies
Indicators: Average Directional Movement Index (ADX)
newdigital, 2013.09.26 13:06
Indicators: Average Directional Movement Index Wilder
newdigital, 2013.08.29 16:55
Average Directional Movement Index (ADX)