Jimmy mentioned it before. This is really very good code. Thank you for this great ADX.
Shit mate, that's a decent find. Those signals can definitely be used as a very early heads up of trend changes.
Clever combination for anyone looking for a leading indicator it seems. Good on you on finding that one Sky!
Yes, you were right about the short-term reversal to the downside on AUDUSD H1...Jimmy wrote: ↑Mon Nov 15, 2021 10:52 pmShit 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
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.
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)?
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.
I asked about this 2 months ago! I guess I put it in the wrong group. Haha.