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Re: ADX DMI Indicators for MT4

alpha24, Thu Jun 20, 2024 3:40 am

naluvs01 wrote: Wed Jun 19, 2024 6:32 pm Thanks for your response, but that indicator is just mirroring itself. I believe the DMI+/- are calculated independently of each other. When they are together, I believe it's hard to read. But if analyzed separately, it can give a clearer depiction of price action. Here is an example of the ADX and Stoch with settings of 24 ADX and Stoch 24, 24, 1 (1 Hour TF). Notice when the Stoch drops below the signal line, you can sell, or goes above the signal, you buy if the DMI- is opposite. However, by adding a MA for the DMI-, it would help with entries.
Well Bro,
If I am not wrong please see this may be exact what you required.
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