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ADX Trigger AM

5

The indicator is an interpretation of the Average Directional Movement Index (ADX) allowing you to determine if there is a price trend. It was developed by Welles Wilder and described in his book "New concepts in technical trading systems".

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 
Comentários 1
jacquestrading
266
jacquestrading 2017.04.12 10:18 
 

Really good indicator. I've only tried on strategy tester, but looks really good. I will update this review after I've tried it on the live market. Because of the type of indicator, I don't expect it to behave differently on the live market. I'm a scalper so I changed the settings to suite my needs. Also, I added a 0.5, and -0.5 level to help grab my attention when the value changes... An audible alert would be nice. Updated review. Very nice indicator. I've used on the live market now for a few days and it is very helpful. I continue to use stochastic as a confirmation, but still, very nice indicator in helping determine if the trend will continue.

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Filtro:
jacquestrading
266
jacquestrading 2017.04.12 10:18 
 

Really good indicator. I've only tried on strategy tester, but looks really good. I will update this review after I've tried it on the live market. Because of the type of indicator, I don't expect it to behave differently on the live market. I'm a scalper so I changed the settings to suite my needs. Also, I added a 0.5, and -0.5 level to help grab my attention when the value changes... An audible alert would be nice. Updated review. Very nice indicator. I've used on the live market now for a few days and it is very helpful. I continue to use stochastic as a confirmation, but still, very nice indicator in helping determine if the trend will continue.

Responder ao comentário
Versão 26.0 2023.09.12
Updated to version 26+.
Versão 25.1 2023.08.31
Updated.
Versão 25.0 2023.08.09
Updated to version 25+.
Versão 7.0 2023.05.07
Исправлено описание настроек.
Versão 6.10 2022.01.21
Восстановлена возможность выбора типа цен для расчета индикатора.
Versão 6.0 2022.01.21
Улучшена визуализация сигналов.
Versão 5.0 2022.01.12
Оптимизированы базовые параметры.
Versão 4.0 2016.06.22
Revised the code. Added automatic replacement of incorrect settings.