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ADXSign

Implementation of the Average Directional Movement Index (ADX) indicator described in the book "New Concepts in Technical Trading Systems" by Welles Wilder. The indicator shows the points for opening positions on the chart in the form of arrows.

Input Parameters:

  • InpADXPeriod - ADX indicator period;
  • Lev - the level that must be crossed by the ADX line to obtain a signal for opening a position.

Condition for Opening a Long Position:

  • The line +DI is higher than -DI;
  • The ADX line crosses the level set by the Lev variable upwards.

Displayed with a green arrow up.

Condition for Opening a Short Position:

  • The line -DI is higher than +DI;
  • The ADX line crosses the level set by the Lev variable upwards.

Displayed with a red arrow down.

Gennadiy Voltornist
12004
Gennadiy Voltornist 2017.12.14 20:46 
 

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Daniel Andrejczuk
5381
Daniel Andrejczuk 2017.11.09 13:33 
 

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Nork
6068
Nork 2016.12.21 06:35 
 

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Rodrigo da Silva Boa
7154
Rodrigo da Silva Boa 2015.12.09 06:48 
 

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vadoos
1440
vadoos 2014.05.16 07:23 
 

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Vadim Strelkov
7767
Vadim Strelkov 2014.03.26 06:19 
 

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