MTF Average Directional Movement Index
Multi-TimeFrame version of the standard Average Directional Movement Index (ADX) indicator.
- TimeFrame - used time frame:
Can be any of ENUM_TIMEFRAMES values.
- TimeCorrection - use time correction:
Can be true or false (see the first screenshot: true is the first indicator, false is the second indicator).
- ADXPeriod - period to calculate the index:
Can be 1-99. If less than 1 or more than 99, the value 14 will be used.
You can use several instances of the indicator at the same time on the same chart.
MTF version is very helpful for developers. Made with own optimized MTF converter.
Use Every tick when you test it in the Strategy Tester.