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ADX Wilder Alarm

At its most basic, the "Average Directional Movement Index Wilder" (ADXW) can be used to determine if a security/index/currencie is trending or not. This determination helps traders choose between a trend-following system or a non-trend-following system. Wilder suggests that a strong trend is present when ADXW is above 25 and no trend is present when ADXW is below 20. There appears to be a gray zone between 20 and 25. ADXW also has a fair amount of lag because of all the smoothing techniques. Many technical analysts use 20 as the key level for ADXW.

The ADXW indicator paints a blue arrow on the chart if the ADXW exceeds level 20 and notifies you by email, audible alerts, and push notifications. Also, if the indicator continues to rise it paints a green thumbs up.

Instead, if the ADXW indicator drops below level 20 it paints a red arrow on the chart and notifies you by email, audible alerts and push notifications.

Indicator Parameters
  • Right Value ADXWilder: Period for calculating the ADX Wilder base line (Indicator Buffer).
  • Period ADXW: Averaging period for calculating the ADX Wilder base line.
  • Shift: ADXWilder shift. Default: 0
  • Alert: Enable/disable Alert. If true - enabled, false - disabled.
  • Email: enable/disable sending e-mails: If true - enabled, false - disabled.
  • Push: enable/disable sending messages to the mobile terminal: If true - enabled, false - disabled.
  • Arrow size: Size of arrows on the chart (1 to 5).
  • Strong ADXW: Blue.
  • Weak ADXW: Red.
  • ADXW Rising: Green.

It works on any graph, on all timeframes.

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