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Re: ADX DMI Indicators for MT4

#441
mrtools wrote:
Mon Nov 15, 2021 11:59 am
This version maybe a little bit cleaner and smoother running,
Hi mrtools,
Jimmy mentioned it before. This is really very good code. Thank you for this great ADX.
Skyold
Be patient and wait for your chance


Re: ADX DMI Indicators for MT4

#442
Skyold wrote:
Mon Nov 15, 2021 9:43 pm
Hi mrtools,
Jimmy mentioned it before. This is really very good code. Thank you for this great ADX.
Skyold
EDIT: Combine the ADX with TDI-RT

Screenshot (278).png
Be patient and wait for your chance

Re: ADX DMI Indicators for MT4

#443
mrtools wrote:
Mon Nov 15, 2021 9:09 am
Try it out.
Skyold wrote:
Mon Nov 15, 2021 9:55 pm
EDIT: Combine the ADX with TDI-RT
Shit mate, that's a decent find. Those signals can definitely be used as a very early heads up of trend changes.

Looking at the setups, let's strip things back a bit by just using the TDI Red & Green. TDI Red & Green lines both cross the ADXm gives us early warning of a trend change.

  • Both TDI Red & Green crosses over the ADXm it's an early signal of a Buy
  • Both TDI Red & Green crosses under the ADXm it's an early signal of a Sell

Here's a template. This combination seems to work better on lower timeframes (1 hour and lower), too.
Higher timeframes signal way too early and huge drawdown can be seen, but using it on the smaller timeframes gets you in early :thumbup:

According to this signal below, it looks like there will be a short-term reversal to the downside on AUDUSD soon. Let's see how it goes.
ADXm + TDI Template MT4.png
ADXm and TDI Setup for MT4.zip
(138.75 KiB) Downloaded 277 times
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Re: ADX DMI Indicators for MT4

#445
Jimmy wrote:
Mon Nov 15, 2021 10:52 pm
Shit mate, that's a decent find. Those signals can definitely be used as a very early heads up of trend changes.

Looking at the setups, let's strip things back a bit by just using the TDI Red & Green. TDI Red & Green lines both cross the ADXm gives us early warning of a trend change.

  • Both TDI Red & Green crosses over the ADXm it's an early signal of a Buy
  • Both TDI Red & Green crosses under the ADXm it's an early signal of a Sell

Here's a template. This combination seems to work better on lower timeframes (1 hour and lower), too.
Higher timeframes signal way too early and huge drawdown can be seen, but using it on the smaller timeframes gets you in early :thumbup:

According to this signal below, it looks like there will be a short-term reversal to the downside on AUDUSD soon. Let's see how it goes.
Image
Yes, you were right about the short-term reversal to the downside on AUDUSD H1...

Image


MagnifyRe: ADX DMI Indicators for MT4

#446
Reverent wrote:
Wed Nov 17, 2021 12:02 am
Yes, you were right about the short-term reversal to the downside on AUDUSD H1...
Not bad eh? How are you finding this ADXm + TDI combo? Do you think it works better on the intraday timeframes (1 hour and below)?

We might be onto something here :)
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click, here to begin live trading, today.
No commissions are earned by Forex-station.


The brand new FBS Forex Calendar 🗓️
How to: Draw Fibonacci Extensions the easy way
How to: Identify major Support & Resistance using the line chart

Re: ADX DMI Indicators for MT4

#447
Jimmy wrote:
Wed Nov 17, 2021 12:37 am
Not bad eh? How are you finding this ADXm + TDI combo? Do you think it works better on the intraday timeframes (1 hour and below)?

We might be onto something here :)
I'm trying it out on my real account on the M15 timeframe. We'll see how it goes before the week ends. You guys are freaking awesome...

Re: ADX DMI Indicators for MT4

#448
Reverent wrote:
Thu Nov 18, 2021 5:39 am
I'm trying it out on my real account on the M15 timeframe. We'll see how it goes before the week ends. You guys are freaking awesome...
AUDUSD is still heading south! Hope you've been taking profit mate.
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click, here to begin live trading, today.
No commissions are earned by Forex-station.


The brand new FBS Forex Calendar 🗓️
How to: Draw Fibonacci Extensions the easy way
How to: Identify major Support & Resistance using the line chart

Re: ADX DMI Indicators for MT4

#450
Jimmy wrote:
Mon Nov 15, 2021 10:52 pm
Shit mate, that's a decent find.
I asked about this 2 months ago! I guess I put it in the wrong group. Haha.

Can you please explain at what point the crosses occur? The picture seems to show a fuzzy ADXm so I can't tell when the crosses are happening. Also, the picture seems to miss a trades. Are the TDI and ADX settings available to change? Also, can you add Bollinger Bands to the indicator based on the TDI?

Thanks!


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