I mean, it is clear that this trending down, and when signal is up, always line green, no trades.
Re: ADX DMI Indicators for MT4
392It is best used on daily charts with small indicator periods.ZZTop wrote: Wed May 26, 2021 10:41 pm I mean, it is clear that this trending down, and when signal is up, always line green, no trades.
no sell.PNG
Buy day on AUDUSD today
Divergences are present, but even against the trend on the divergences, the day signals are accurate
The indicator cannot predict every bar, but what it shows is always very accurate
Re: ADX DMI Indicators for MT4
394If your default periods are 8, then this is better for hourly charts, because 8 hours is one trading session, this is the minimum market cycle.
For daily, period 3 is better, because this is half of the trading week and the signals are better. This is a certain cyclicality of the market and the indicator settings need to be done accordingly.
Re: ADX DMI Indicators for MT4
395If you put 5 or 10 periods on a one or two week cycle, you will have a trend indicator.
Period 3 on these timeframes inside these cycles and gives signals on each bar
Re: ADX DMI Indicators for MT4
397It should be noted that when the indicator breaks through the level, then this is a strong recoilless trend on which the necessary signals are unlikely to appear
Re: ADX DMI Indicators for MT4
398Something wrong with colors, it is not the same in uptrend and downtrend.
Re: ADX DMI Indicators for MT4
399Maybe.ZZTop wrote: Wed May 26, 2021 11:27 pm Something wrong with colors, it is not the same in uptrend and downtrend.
I didn’t make this indicator, because I’m not a programmer. Maybe there are errors in the code.
I asked to do it with some additions in the form of signals fractals adjustable.
Most likely it will be a very good indicator.
Re: ADX DMI Indicators for MT4
400mrtool please convert this indicator to moving average
https://www.tradingview.com/script/owww ... erage-ADX/
https://www.tradingview.com/script/owww ... erage-ADX/
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