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Re: ADX DMI Indicators for MT4

Posted: Sun Nov 14, 2021 4:53 pm
by mrtools
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

Posted: Mon Nov 15, 2021 3:08 am
by talaate
mrtools wrote: Sun Nov 14, 2021 4:53 pm 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.
Hi mrtools
I have these versions

Re: ADX DMI Indicators for MT4

Posted: Mon Nov 15, 2021 9:09 am
by mrtools
mrtools wrote: Sun Nov 14, 2021 1:24 pm Can't tell what indicator that is, could you please send the link or the mt5 version you want converted?
Try it out.

Re: ADX DMI Indicators for MT4

Posted: Mon Nov 15, 2021 9:15 am
by kvak
ADX, possibly smoothing with jurik.
Have 3 types for coloring, arrows.
-Arrows-colors on ADX cross level
- Arrows-colors on D+ cross D- and level
- Arrows-colors on AD+ cross AD-

Re: ADX DMI Indicators for MT4

Posted: Mon Nov 15, 2021 11:59 am
by mrtools
mrtools wrote: Mon Nov 15, 2021 9:09 am Try it out.
Image
This version maybe a little bit cleaner and smoother running,

Re: ADX DMI Indicators for MT4

Posted: Mon Nov 15, 2021 9:03 pm
by Jimmy
mrtools wrote: Mon Nov 15, 2021 9:09 am Try it out.
This is beautiful, thanks a lot for also adding a choice of Floating and Quantile levels Mrtools 👌

Re: ADX DMI Indicators for MT4

Posted: Mon Nov 15, 2021 9:43 pm
by Skyold
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

Re: ADX DMI Indicators for MT4

Posted: Mon Nov 15, 2021 9:55 pm
by Skyold
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


Re: ADX DMI Indicators for MT4

Posted: Mon Nov 15, 2021 10:52 pm
by Jimmy
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.

Re: ADX DMI Indicators for MT4

Posted: Tue Nov 16, 2021 12:11 am
by ChuChu Rocket
Skyold wrote: Mon Nov 15, 2021 9:55 pm EDIT: Combine the ADX with TDI-RT
Clever combination for anyone looking for a leading indicator it seems. Good on you on finding that one Sky! :clap: