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Re: ADX DMI Indicators for MT4
Posted: Thu Jun 20, 2024 7:32 am
by kvak
ADX -DI +DI with multiple ADX displays + Histogram & DMI
Here is version with DMI.
EDIT. Sorry for problems, I found one bug in code and then is some strange calculation when you use EMA in calculation.
I uploaded corrected version...
Re: ADX DMI Indicators for MT4
Posted: Thu Jun 20, 2024 5:52 pm
by naluvs01
kvak wrote: Thu Jun 20, 2024 7:32 am
ADX -DI +DI with multiple ADX displays + Histogram & DMI
Here is version with DMI.
You are the man!!!!! That is exactly what I was talking about. However, when I switch to EMA for smoothing, the indicator is barely visible. But thank you. I'm very appreciative!!!!!
Re: ADX DMI Indicators for MT4
Posted: Thu Jun 20, 2024 6:14 pm
by naluvs01
Here is my thinking:. Lets say you're trading gold or any asset. And for example, we use some EMA's to confirm our direction. For this example, I'm on the 1 hour TF and I have 3 EMA's (24, 48, 120). Since I know my direction, I just want confirmation of a signal. In this case, I will use the Heiken Ashi for my alert signals for entry to keep it simple. Once I get an alert, I want to look at the DMI indicator for a confirmed entry.
If selling, you want to make sure the DMi- is above the MA and DMI+ is below. And vice-versa for a buying setup. It should keep you away from false signals. But anyway, that's my thought process. And thank you again, Kvak!!!!!
PS. If alerts could be added when the DMIs cross the MA...OMG, I may shed a tear!!!
Re: ADX DMI Indicators for MT4
Posted: Fri Jun 21, 2024 12:28 am
by alpha24
naluvs01 wrote: Thu Jun 20, 2024 6:14 pm
Here is my thinking:. Lets say you're trading gold or any asset. And for example, we use some EMA's to confirm our direction. For this example, I'm on the 1 hour TF and I
Here is separate plus di and minus di without MA (you have to drag ma on DI) I don't think this idea will work any way........... try.
Re: ADX DMI Indicators for MT4
Posted: Fri Jun 21, 2024 12:47 am
by newbie4ever
alpha24 wrote: Fri Jun 21, 2024 12:28 am
Here is separate plus di and minus di without MA (you have to drag ma on DI) I don't think this idea will work any way........... try.
Maybe add smoothing and some sort of filter when the market is too jigsaw will do the trick
Re: ADX DMI Indicators for MT4
Posted: Fri Jun 21, 2024 1:49 am
by naluvs01
newbie4ever wrote: Fri Jun 21, 2024 12:47 am
Maybe add smoothing and some sort of filter when the market is too jigsaw will do the trick
I was thinking the same thing!!!!!!! However, that's why the MAs on your chart would be the confluence for direction, and the DMI +/- would confirm the entry.
Re: ADX DMI Indicators for MT4
Posted: Fri Jun 21, 2024 8:01 am
by kvak
naluvs01 wrote: Thu Jun 20, 2024 5:52 pm
You are the man!!!!! That is exactly what I was talking about. However, when I switch to EMA for smoothing, the indicator is barely visible. But thank you. I'm very appreciative!!!!!
Hello, yes, you are right. I found my bug in code. Sorry for that. I uploaded corrected version in my original post...
CLICK
For you other request, I will work on another version...
Re: ADX DMI Indicators for MT4
Posted: Fri Jun 21, 2024 8:58 am
by kvak
naluvs01 wrote: Thu Jun 20, 2024 6:14 pm
Here is my thinking:. Lets say you're trading gold or any asset. And for example, we use some EMA's to confirm our direction. For this example, I'm on the 1 hour TF and I have 3 EMA's (24, 48, 120). Since I know my direction, I just want confirmation of a signal. In this case, I will use the Heiken Ashi for my alert signals for entry to keep it simple. Once I get an alert, I want to look at the DMI indicator for a confirmed entry.
If selling, you want to make sure the DMi- is above the MA and DMI+ is below. And vice-versa for a buying setup. It should keep you away from false signals. But anyway, that's my thought process. And thank you again, Kvak!!!!!
PS. If alerts could be added when the DMIs cross the MA...OMG, I may shed a tear!!!
ADX -DI +DI with multiple ADX displays + Histogram & DMI with 3x display modes
Here is updated version with arrows and alerts and 3 state for displaying.
Default is your requested setup ( if I understand it right ).
Test it...
Re: ADX DMI Indicators for MT4
Posted: Fri Jun 21, 2024 12:48 pm
by naluvs01
kvak wrote: Fri Jun 21, 2024 8:58 am
Here is updated version with arrows and alerts and 3 state for displaying.
Default is your requested setup ( if I understand it right ).
Test it...
Kvak,
Thank you! I didn't realize the options you provided in the indicator. Absolutely brilliant! The option highlighted gives alerts when both the DMI+ and DMI- are opposite of each other. I didn't think of that Thanks again for your time and phenomenal skills!!!!!
P.S. KVAK, KVAK, KVAK! The more I'm looking at this indicator, the more I fall in love with it. YOU ARE THE MAN! Thank you...I can't say if enough!
Re: ADX DMI Indicators for MT4
Posted: Sun Jun 23, 2024 12:48 am
by naluvs01
alpha24 wrote: Fri Jun 21, 2024 12:28 am
Here is separate plus di and minus di without MA (you have to drag ma on DI) I don't think this idea will work any way........... try.
Hey Alpha,
Your separate indicators have been a blessing. However, I downloaded my broker's data and now every time I switch to a new pair, it takes a long time to load. Is there a way you can add an option to limit the bars? I like to back-test a lot and maybe this could be an option or maybe a lighter version can be created. Again, thank you for your indicator!!!!!
P.S. Hey Aplha, Disregard. I found a workaround.
