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Winshots ADX Trend Scanner

5
Trading in the direction of a strong trend reduces risk and increases profit potential. In general the average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator! After all, the trend may be your friend, but it sure helps to know who your friends are. 

ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used.  ADX can be used on any trading instrument such as forex pairs, stocks, mutual funds, exchange-traded funds, futures and crypto.

ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down.  The standard ADX indicator is usually plotted in the same window as the two directional movement indicator (DMI) lines, from which ADX is derived.

However when you use the standard ADX indicator it can get a little confusing with all the lines zigzagging and criss-crossing. Not only that, when you switch between different instruments and different time frames the ADX lines could be crossing in the opposite directions confusing you even more!

Winshots ADX Trend Scanner indicator takes care of this problem. In one simple view you can quickly determine the state of ADX trend on all time frames, on many different FX currency pairs!!!  Yes you read that correctly.  No more clicking through different time frames of different Forex pairs looking at ADX lines criss-crossing every which way like hot spaghetti. In addition to showing you exactly what the trend is on every FX pair and every time frame the Winshots ADX Trend Scanner indicator also highlights the FX pair that is strongly trending on ALL time frames.  This additional feature allows you to quickly determine if there is a strong momentum in the market and if it's worth trading during your chosen time.


In version 1.3 I've added new exciting features! The main study used is still ADX but I used the same concept to also add RSI, MACD, Stochastic and CCI (in 1.4 latest) studies to the scan. In addition, there is a new timer function that allows you to automatically cycle the studies used, which automatically enhances the trader's knowledge about the current instrument on the chart. Furthermore, the instruments loaded into the scanner are loaded from the Market Watch window instead of being hardcoded. This may be CPU intensive so it is recommended that you only add a few instruments initially to the Market Watch to see how your computer will behave. If your computer is relatively new this should not be a problem. Enjoy having a clear view of the markets you trade! :-)


Avis 1
getcashgod
191
getcashgod 2023.04.27 05:39 
 

Purchased both adx trend indicators five stars

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Les lignes de tendance sont l'outil d'analyse technique le plus essentiel dans le trading forex. Malheureusement, la plupart des commerçants ne les dessinent pas correctement. L'indicateur Automated Trendlines est un outil professionnel pour les traders sérieux qui vous aide à visualiser le mouvement de tendance des marchés. Il existe deux types de lignes de tendance, les lignes de tendance haussières et les lignes de tendance baissières. Dans la tendance haussière, la ligne de tendance
Scientific trade
Aleksey Ivanov
5 (1)
An extremely convenient indicator that truly makes the process of making money on the exchange easy. It is based on the scientifically rigorous theory of the market developed by the author, the beginning of which is presented here .                The full algorithm of this indicator operation is presented in the article .               The indicator calculates the most probable price movement trajectory and displays it on the chart. Based on the predicted price movement trajectory
Cyclical indicator for trading and predicting the direction of the market. Shows the cyclical behavior of the price in the form of an oscillator. Gives signals for opening deals when rebounding from the upper and lower boundaries of the oscillator. In the form of a histogram, it shows the smoothed strength of the trend. Will complement any trading strategy, from scalping to intraday. The indicator does not redraw. Suitable for use on all symbols/instruments. Suitable time frames for short-term
Présentation de l'indicateur astronomique pour MT4 : Votre compagnon de trading céleste ultime Êtes-vous prêt à élever votre expérience de trading à des hauteurs célestes ? Ne cherchez pas plus loin que notre indicateur astronomique révolutionnaire pour MT4. Cet outil innovant transcende les indicateurs de trading traditionnels en exploitant des algorithmes complexes pour vous fournir des aperçus astronomiques inégalés et des calculs de précision. Un univers d'informations à portée de main : Con
Allows multiple indicators to be combined into a single indicator, both visually and in terms of an alert. Indicators can include standard indicators, e.g. RSI, CCI, etc., and also Custom Indicators, even those purchased through Market, or where just have the ex4 file. An early alert is provided, say when 4 out 5 indicators have lined up, and a confirmed alert when all are in agreement. A‌lso features a statistics panel reporting the success of the combined indicator by examining the current cha
Nous vous présentons ON Trade Waves Patterns Harmonic Elliot Wolfe, un indicateur avancé conçu pour détecter divers types de schémas sur le marché à l'aide de méthodes manuelles et automatiques. Voici comment il fonctionne : Schémas Harmoniques : Cet indicateur peut identifier les schémas harmoniques qui apparaissent sur votre graphique. Ces schémas sont essentiels pour les traders qui pratiquent la théorie du trading harmonique, telle qu'elle est décrite dans le livre de Scott Carney "Harmonic
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Stop searching for and trying new indicators! Get Winshots Massive FX Profits indicator and set yourself apart from the crowd.  Years of trading experience led us to the building of this all in one indicator! Trade like the pro with Winshots Massive FX Profits! This indicator uses the following methodologies to help you become a more consistent profitable trader: - MARKET VOLUME PROFILE - DAILY CANDLE OUTLINE  - ATR LEVELS - DAILY PIVOTS LEVELS - PRICE CYCLES ANALYSIS What is VOLUME P
Purpose: The function of this indicator is to draw 3 moving averages (MA's) lines on the main MT4 price chart.   The MA's are from 3 different timeframes specified by the user independent of the chart that is currently displayed. When you toggle your chart view through different time frames, the 3 MA's will continue to display the MA lines for the time frames specified in the properties. Example: The default settings map out three 50 bars MA's for H4, D1 and W1 time frames. During intraday tradi
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The parabolic stop and reverse (PSAR) indicator was developed by J. Welles Wilder, Jr. as a tool to find price reversals which can be utilized as stop-loss levels as well as trade triggers. The notable difference about the PSAR indicator is the utilization of time decay. The PSAR indicator forms a parabola composed of small dots that are either above or below the trading price. When the parabola is below the stock price, it acts as a   support   and trail-stop area, while indicating bullish up t
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Winshots ADX Trend
Pawel Michalowski
5 (1)
Trading in the direction of a strong trend reduces risk and increases profit potential. In general the average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator! After all, the trend may be your friend, but it sure helps to know who your friends are.  ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is
What is a Pivot? A pivot is a significant price level known in advance which traders view as important and may make trading decisions around that level. As a technical indicator, a pivot price is similar to a resistance or support level. If the pivot level is exceeded, the price is expected to continue in that direction. Or the price could reverse at or near that level. What does a Pivot Tell You? There are pivots and pivot points. These terms may mean different things to different people
The Qualitative Quantitative Estimation (QQE) indicator is a technical analysis tool developed for the MetaTrader 4 (MT4) trading platform. It is designed to help traders identify potential trend reversals and to determine the strength of a current trend. The QQE indicator is calculated based on the Relative Strength Index (RSI) and Moving Average (MA) indicators. The RSI is used to determine the momentum of price movements, while the MA is used to smooth out the price data and identify trends.
Winshots Trade Assistant EA decides when to take the the first trade based on the H1 time frame and the Stochastic indicator.  It is there to assist you in deciding in which direction you should trade as well as managing all the trades you open on the same chart (it's very useful in scalping on lower time frames).  The first trade will always be 1 micro lot, and decision always based on the H1 time frame.  Then your job is to open further trades in the same direction as top ups MANUALLY. However
This indicator will help you identify the key zones needed for The Silver Bullet Strategy which are:  The three time-windows the ICT mentioned in the strategy Window 1: 3 AM and 4 AM New York time Window 2: 10 AM and 11 AM New York Time Window 3: 2 PM to 3 PM New York Time Bullish and bearish supply and demand zones which will help you identify FVG inside those time windows T he previous day's high and low, draw on liquidity The indicator does not plot the FVGs to avoid cluttering the chart  Exi
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getcashgod
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getcashgod 2023.04.27 05:39 
 

Purchased both adx trend indicators five stars

Pawel Michalowski
1576
Réponse du développeur Pawel Michalowski 2023.04.28 00:09
Thank you for your kind words! Rest assured I still use both myself every day for day trading and whenever there is a fix or a new feature idea I will make sure to update it here as well :-)
Répondre à l'avis
Version 1.5 2024.03.18
In this version:
- bug fixes
- faster refresh rate
- loading instruments from the Market Watch list only
- ADX optimization
Version 1.4 2023.04.28
Added the Commodity Channel Index (CCI) study to the scanner and fixed a couple of minor bugs to speed up loading the data.
Version 1.3 2022.09.28
The main study used is still ADX but I used the same concept to also add RSI, MACD, and Stochastic studies to the scan. In addition, there is a new timer function that allows you to automatically cycle the studies used, which automatically enhances the trader's knowledge about the current instrument on the chart. Furthermore, the instruments loaded into the scanner are loaded from the Market Watch window instead of being hardcoded. This may be CPU intensive so it is recommended that you only add a few instruments initially to the Market Watch to see how your computer will behave. If your computer is relatively new this should not be a problem.