Re: ADX DMI Indicators for MT4

203
pacois wrote: Sun Nov 11, 2018 4:08 am

Hello to all of you experts and no, a naive question from the inexperienced amateur code mql4: in every indicator occurs the situation in red, possible that no indicator can avoid it? Thanks.
Sorry,i did not pick your question,can you please explain more
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: ADX DMI Indicators for MT4

205
pacois wrote: Sun Nov 11, 2018 4:41 am The indicator shows an upward or downward trend, instead the price keeps going down or going up, this situation occurs in every indicator, I hope that google translator has translated well.Thanks.
The Google Translator isn't the issue.

You don't understand the up peak of the indicator in a steady bearish situation? Is that correct?


Re: ADX DMI Indicators for MT4

207
First of all, every indicator follows the price, not contrariwise. It looks to me like you're mistaking that - if not sorry. An indicator interprets the price evolution of the last x bars. You must know how an indicator do that so you understand the pros and cons of it and why it behaves in certain situations. That what you described is a normal behaviour of a momentum indicator in long steady trends (longer than the period is). You can't change it (a higher period doesn't fix the issue) and it isn't necessary at all. Use the weakness as a stregth. You can use the divergences given that way for entries or sureness that the market goes further down - swing trading. Remind not to use momentum indis in trends and not to use MAs in range markets.
These users thanked the author Krelian99 for the post (total 4):
reachme, pacois, AmirDehghani, Jimmy

Re: ADX DMI Indicators for MT4

208
Krelian99 wrote: Sun Nov 11, 2018 9:22 am First of all, every indicator follows the price, not contrariwise. It looks to me like you're mistaking that - if not sorry. An indicator interprets the price evolution of the last x bars. You must know how an indicator do that so you understand the pros and cons of it and why it behaves in certain situations. That what you described is a normal behaviour of a momentum indicator in long steady trends (longer than the period is). You can't change it (a higher period doesn't fix the issue) and it isn't necessary at all. Use the weakness as a stregth. You can use the divergences given that way for entries or sureness that the market goes further down - swing trading. Remind not to use momentum indis in trends and not to use MAs in range markets.
A little extension to what honey Tobi explained
all indicators displaying differently according the math and their nature - lower/higher values (say it periods or numbers of bars in calculation) of an indicator force the indicator to display differently depends on the values how far from each other - then TFs also reflect on displaying/forming an indicators - then nature of an indicator also resulting the display of that indicator
that is why thousand and thousand indicators are coded almost of every type and countless variations plus extended features that a users can mold any indicator where it needed,now it is users choice what suits them or their strategy
Bundles of thanks to pretty coders for their knowledge and creative intellectual mind and fair contribution to traders community
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: ADX DMI Indicators for MT4

210
newbiees wrote: Fri Nov 16, 2018 1:50 am Hello. Can someone add alert and Sendnotification to this indicator?
Thank you.
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