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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.

Nork
2563
2016.12.21 06:35 
 

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Rodrigo da Silva Boa
7083
2015.12.09 06:48 
 

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Gennadiy Sidorov
1463
2014.05.16 07:23 
 

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Vadim Strelkov
7840
2014.03.26 06:19 
 

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