Something like a dmi oscillator? If so, we have some versions in the forum.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!!!!!
Re: ADX DMI Indicators for MT4
562May be something like this.mrtools wrote: Tue Jun 18, 2024 3:03 am Something like a dmi oscillator? If so, we have some versions in the forum.
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"The FORCE is more your friend than the trend. "
Re: ADX DMI Indicators for MT4
563ADX -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
564Something like this ?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!!!!!
Re: ADX DMI Indicators for MT4
565Hi Mr. Tools,mrtools wrote: Tue Jun 18, 2024 3:03 am Something like a dmi oscillator? If so, we have some versions in the forum.
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
566So, 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!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!!!!!!
Probability is Key!
Re: ADX DMI Indicators for MT4
567Thanks 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.
Probability is Key!
Re: ADX DMI Indicators for MT4
568Well Bro,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.
If I am not wrong please see this may be exact what you required.
"The FORCE is more your friend than the trend. "
Re: ADX DMI Indicators for MT4
569Hey Man,alpha24 wrote: Thu Jun 20, 2024 3:40 am Well Bro,
If I am not wrong please see this may be exact what you required.
Thanks for your response. But I need the MA to be applied to the DI- and DI+ independently. Based on what I see, the MA applied is to the ADX and not the DM+ or DM-.
Probability is Key!
Re: ADX DMI Indicators for MT4
570I tell you this. If you can add a MA to both separately, would be great!!!!naluvs01 wrote: Thu Jun 20, 2024 6:30 am Hey Man,
Thanks for your response. But I need the MA to be applied to the DI- and DI+ independently. Based on what I see, the MA applied is to the ADX and not the DM+ or DM-.
Probability is Key!