ChrisMoody

ADX Trading System Overview! Link To Video!

FX:AUDUSD   Australian Dollar / U.S. Dollar
ADX System Overview

So I Came Across Another Trading System for Only $997. However, if you purchased in the next 24hours the whole system could be Yours For Only $497.

So I decided to Code it. This is only Version 1, and I discuss in the Video What I’ve found so for, some plans for Version 2 of the indicator, and I ask for your feedback on anything you find.

Indicators used in System:
CM_DI_Plus_Minus_V1 (Indicator On Bottom).
CM_ADX_V1 (Indicator On 2nd Pane).
CM_Gann_Swing_Hi_Lo (Indicator on Price Pane). This Indicator was published before…Link Below.
Link In Related Ideas Below

CM_DI_Plus_Minus_V1
Link In Related Ideas Below

CM_ADX_V1
Link In Related Ideas Below

In Video I go over settings and how to customize charts.

Link To Video:
http://vimeopro.com/user32804960/tradingview-indicators/video/112194301

Link To Downloadable PDF Shown in Video:
http://d.pr/f/JX70
Thanks Chris this is awesome.. ..
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No Problem
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Hi Chris,
Just one basic question regarding your video: There is no audio. Is it as is, or maybe it is my system?

Cheers,
Vincent.
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console vthen
your system
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Just double checked...there is volume on the video...
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vthen ChrisMoody
Got it! Thanks. Strange audio bars - all of the same height - never seen before.
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Good...Glad it's working for you.
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One thing I have noticed about the +DI and -DI lines is that when the +DI is rising and the -DI is falling it is often a good time to be long. And conversely when the - DI is rising and the +DI is falling it is a good time to be short. This situation often develops before the +DI and -DI cross.

I have also noticed that when the +DI and -DI come very close together for a time (a DMI Squeeze) and then begin decidedly moving away from each other, it often signals a good entry point.

The problem with this is that the +DI and -DI lines are very choppy so it can be difficult at times to determine when the lines, overall, are rising or falling. Perhaps some non-lagging smoothing of these lines could help.
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Agree....I'll get around to testing at some point...my first though is adjusting the settings would have the same effect as creating a soothing mechanism with the settings left at 14...but an Idea just popped in to my head that I will test out soon...I will let you know if I find it valid...
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stenor PRO ChrisMoody
i really look forward to what you will find in creating the most effective way to use the DMI and ADX, or any other method to help differentiate between a trending and non-trending market.

A new idea just occurred to me I want to share with you just in case it will spark additional ideas for you. This one is about the +DI and -DI lines. The idea is to:
1) First invert the -DI (by subtracting it from 40) so that it moves up and down with the +DI.
2) Next smooth both the +DI and -DI values (like with a 5 period RMA or so).
3) Then Add the +DI and -DI together and divide by 2 to create a midpoint of the two lines.
4) Finally Smooth the result (with something like a 2 period RMA) to create a single directional
signal.
5) Then calculate a second version of this line shifted (one period or so) ahead. Longs would
be when the first Smoothed +DI/-DI is above the second shifted line and shorts would be
when below.
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