Re: ADX DMI Indicators for MT4

431
talaate wrote: Sun Nov 14, 2021 2:25 pm I think this one:
This was requested since 2017
The mt4 version had been done quite awhile back, but guess when we updated the forum it got lost, anyway will make another version tomorrow.




Re: ADX DMI Indicators for MT4

437
mrtools wrote: Mon Nov 15, 2021 11:59 am This version maybe a little bit cleaner and smoother running,
Hi mrtools,
Jimmy mentioned it before. This is really very good code. Thank you for this great ADX.
Skyold
We create order out of chaos - we trade that order, but sometimes that chaos is out of order, so we WAIT!!! for the order to return - and we trade again. XARD777

Re: ADX DMI Indicators for MT4

438
Skyold wrote: Mon Nov 15, 2021 9:43 pm Hi mrtools,
Jimmy mentioned it before. This is really very good code. Thank you for this great ADX.
Skyold
EDIT: Combine the ADX with TDI-RT

We create order out of chaos - we trade that order, but sometimes that chaos is out of order, so we WAIT!!! for the order to return - and we trade again. XARD777

Re: ADX DMI Indicators for MT4

439
mrtools wrote: Mon Nov 15, 2021 9:09 am Try it out.
Skyold wrote: Mon Nov 15, 2021 9:55 pm EDIT: Combine the ADX with TDI-RT
ADXm + TDI Combined Template

Shit mate, that's a decent find. Those signals can definitely be used as a very early heads up of trend changes.

Looking at the setups, let's strip things back a bit by just using the TDI Red & Green. TDI Red & Green lines both cross the ADXm gives us early warning of a trend change.

  • Both TDI Red & Green crosses over the ADXm it's an early signal of a Buy
  • Both TDI Red & Green crosses under the ADXm it's an early signal of a Sell

Here's a template. This combination seems to work better on lower timeframes (1 hour and lower), too.
Higher timeframes signal way too early and huge drawdown can be seen, but using it on the smaller timeframes gets you in early :thumbup:

According to this signal below, it looks like there will be a short-term reversal to the downside on AUDUSD soon. Let's see how it goes.

PS: For the ADXm + QQE combination idea from 太虚一毫, please see: ADXm QQE Combined.
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