mrtools wrote: Mon Apr 18, 2022 4:39 am Looks like Mladen did one already.

From Mladen:

ADXm (experiment) for MT4

There are a couple of versions of this indicator already existing in the code base.

As it can be seen from the already published versions, one of the small (possible) issues of ADXm is the fact that it (in the times of ranging market) it tends to be "nervous". Some smoothed versions were made to address that, and this one can do that too but in an unexpected way : by applying ADXm calculation to itself, instead of using some conventional smoothing methods. The results seem to be usable, hence posting the indicator here

Recommendations:

• you can use color changes as indication of momentum / trend change
• you can use zero line crosses in a same manner

PS: when using the ADXm of ADXm (double) mode, the values are changed (slopes are not, but values are). In that case, if you are using levels as an indicator of trend change, adjust the levels to modified values

mrtools wrote: Wed Dec 18, 2019 10:58 am Think this is pretty close to the power system except made the green for "rise", for "drop" deep pink , and for "noise" gray.

Daddyhan wrote: Sat Oct 01, 2022 2:21 pm Hi Mr tool,

Can I trouble you to check this indicator ?

It cause the MT4 to freeze when I change time frame to time frame.

Thank you
Han

mrtools wrote: Sat Oct 01, 2022 3:05 pm Have you tried this version Power system averages ?

wojtek wrote: Sat Dec 23, 2023 1:32 pm Could our coders please convert the attached indicator from mq5 to mq4?
The corrections needed shouldn't be especially time-consuming, I suppose.