MTF ADX with Histogram
30 USD
Demo downloaded:
68
Published:
11 December 2013
Current version:
4.8
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Hello there, does the histogram colour depends on the +DI/-DI crosses or a slope change itself?
Hello SebastianFelix,
The histogram color depends on the correlation between +DI and -DI.
If the Height of +DI (at current candle) is twice the height of -DI (at current candle) then the histogram dates in Lime.
Best wishes,
Leo.
Your indicator doesn't work. Both of the charts below were taken at the saem time on the same pair. The ADX values are the same. On is on the 15M chart and the other is on the 5M. The values for DI+ & DI- (red and green lines at the bottom) should show the same values. They don't and are even in the wrong order.
Your indicator doesn't work properly. Both of the charts below were taken at the saem time on the same pair. One is on the 15M chart and the other is on the 5M. The ADX values are the same - they are both set to show the DI+ & DI- values for the 5M timeframe. The values for DI+ & DI- (red and green lines at the bottom) should show the same values. As you can see, they are very different