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ADX Trigger AM

The indicator determines entry points and uses crossing of ADX +/- lines and growth or fall of the main ADX line. When the indicator crosses the zero line, the trend is changed.

  • If the oscillator's value is 1 - the price grows, the trend remains;
  • If the oscillator's value is 0.5 - the price grows, the trend is absent;
  • If the oscillator's value is -1 - the price falls, the trend remains;
  • If the oscillator's value is -0.5 - the price falls, the trend is absent;

The best entry moment is crossing the High/Low of the bar where the indicator has crosses 0.


Settings:

  • ADX_Period - ADX period
  • ADX_Price - price used to calculate ADX (from 0 to 6)
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Version 4.0 - 2016.06.22
Revised the code. Added automatic replacement of incorrect settings.