Re: ADX DMI Indicators for MT4

561
naluvs01 wrote: Tue Jun 18, 2024 12:30 am Hi, Mr. Tools and Coders, respectively,

I would like to know if a Di+ and Di- indicator (from the ADX indicator) can be created independently with a MA. I believe this can reveal reversals/trend changes a lot sooner. The picture I've included shows trend lines as examples, but I would like MA's instead because they are linear. Thank you in advance for your consideration!!!!!
Something like a dmi oscillator? If so, we have some versions in the forum.


Re: ADX DMI Indicators for MT4

563
alpha24 wrote: Tue Jun 18, 2024 3:40 am May be something like this.
ADX -DI +DI with multiple ADX displays + Histogram

Not sure if I take your idea right, but I made this version....

On first picture is visible only signals from -DI, +DI.
on second is visible all...
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Re: ADX DMI Indicators for MT4

564
naluvs01 wrote: Tue Jun 18, 2024 12:30 am Hi, Mr. Tools and Coders, respectively,

I would like to know if a Di+ and Di- indicator (from the ADX indicator) can be created independently with a MA. I believe this can reveal reversals/trend changes a lot sooner. The picture I've included shows trend lines as examples, but I would like MA's instead because they are linear. Thank you in advance for your consideration!!!!!
Something like this ?

Re: ADX DMI Indicators for MT4

565
mrtools wrote: Tue Jun 18, 2024 3:03 am Something like a dmi oscillator? If so, we have some versions in the forum.
Hi Mr. Tools,

The DMI oscillator would not work because the crossing of the level would be too slow in showing reveals or trend changes. I would like, if possible, to have them separate so that when one crosses the MA and the other crosses, it could reveal an entry if other confluences are in place.
The example in the screenshot shows how the DMI oscillator is slower in response to the DMI +/-. I believe having a MA placed on both would solve this problem.

Thanks again for your consideration!!!!!!
Probability is Key!


Re: ADX DMI Indicators for MT4

566
naluvs01 wrote: Wed Jun 19, 2024 6:17 pm Hi Mr. Tools,

The DMI oscillator would not work because the crossing of the level would be too slow in showing reveals or trend changes. I would like, if possible, to have them separate so that when one crosses the MA and the other crosses, it could reveal an entry if other confluences are in place.
The example in the screenshot shows how the DMI oscillator is slower in response to the DMI +/-. I believe having a MA placed on both would solve this problem.

Thanks again for your consideration!!!!!!
So, basically, if 2 indicators could be created (one DMI+ and the other DMI-) with a MA on each, that would be great!!!! If possible...thanks!
Probability is Key!

Re: ADX DMI Indicators for MT4

567
alpha24 wrote: Tue Jun 18, 2024 3:40 am May be something like this.
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.
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Probability is Key!

Re: ADX DMI Indicators for MT4

568
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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"The FORCE is more your friend than the trend. "