-The line control represents, if the ADX is greater than the line of 20, the price trend is considered strong, some people increase it to 25 -Dynamic adx color to better differentiate movements
v2 changes the way the histogram is plotted. Histogram shows the strength and can be used to identify trending or ranging periods.
Original ASH code from alexgrover Some changes: - Change the price to SMA with Period of 1 with reference to the original MT4 code - Added a few more MAs
It is a highly optimized script for H4, D1. Backtests from (2016 - 2019, depending on the currency pair). Optimization still going on. Following alerts can be activated: - Buy-Signal (Baseline-Cross)! Sell-Signal (Baseline-Cross)! Buy Signal (Aroon)! Sell Signal (Aroon)! Buy Signal (DMI)! Sell Signal (DMI)! Buy Signal (RWI)! Sell Signal (RWI)! ...
This is just a bunch of useful funtions and a recommenation how to construct a multiindicator for the sake of economy :))
Script for automatic trading with Alerts. LG --> Long (green: not confirmed) (lime: confirmed) ST --> Short (maroon: not confirmed) (red: confirmed) TS --> Trailing Stop xL --> Close Long Position xS --> Close Short Position SL --> Stop Loss The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no...
This Script is the second part of the previous one. In this second part it includes Longs and also Shorts. It is a little conservative, and is mainly used for swing trading. It can be used for everyday trading or if you’re using it for automated trading, you don’t necessarily need to run it as a bot. But you can do so if you want. To set it up without running it...
Let's try the Version 4 ... This script is only for long positions. It's based on the conjunction of RMI + ADX + RSI for entries and only with Take Profit to close the position. It doesn't have security (), nor Heikin Ashi, so the Backtest is Real. Use always 'Once per bar'. It doesn't repaint absolutely nothing at all. Timeframe: 15 minutes Have fun...
O ADX avalia tendências de alta e baixa, buscando mostrar um movimento direcional. O indicador é composto por três linhas: DI+, DI- e ADX; Onde o ADX representa o índice das médias do movimento direcional. O DI+ ocorre quando o valor do preço máximo do candle for maior que o do candle anterior, assim, temos um movimento direcional positivo. DI+ = Máx(c) – Máx(c –...
We display here the ADX has a colored histogram, which is - green when ADX and DI+ are higher then DI-, while the ADX is increasing, meaning that we are in a potential uptrend--> we should rather be long (only buy if you have other concordant signals !) - red when ADX and DI- are higher then DI+, while the ADX is increasing, meaning that we are in a potential...
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 vehicle such as stocks, mutual funds, exchange-traded funds and futures. ADX is plotted as a single line with values...
Basic ADX DI with colored bars to show buy and sell signals , made for 1min but shows general signals of strong or weak buy and sell signals. Dark Red = Heavy Signal Light Red = weak signal green = buy signal
This is an ADX indicator with a kick. Also shows DM+ and DM-. Allows you to turn off these indicators. This also has horizontal indicators that tell with the trend maybe trendless (20), gaining (25), and trending (30). These indicators can change to accommodate your trading.