• Overview
  • Reviews (1)
  • Comments (2)

ADX Color

This indicator is different from the conventional indicator by an additional set of parameters. The ADX line changes color depending on the location of the +DI and -DI lines relative to each other.


Indicator Inputs

  • Period — indicator calculation period;
  • Method — select the averaging method: simple, exponential, smoothed, linear-weighted;
  • Apply to — select the applied price: Close, Open; High; Low; Median; Typical; Average Weighted;

By default, the directional lines are colored in the following colors:

  • Dark green — value of the indicator of the positive price movement (+DI - positive directional index);
  • Brown — value of the indicator of the negative price movement (-DI - negative directional index).

The Average Directional Movement Index (ADX) line is colored:

  • Yellow — no trend;
  • Light green — buy signal, the +DI line is above -DI with growing ADX;
  • Red — sell signal, the -DI line is above +DI with growing ADX.
Matthew Todorovski
12127
Matthew Todorovski 2018.06.30 13:57 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!