This strategy takes the ADX Indicator I wrote and applies it to a strategy for back testing purposes.
I've also applied a date filter so you can back test specific date ranges and a moving average filter so you can choose whether to filter your longs/shorts based on a moving average.
This script fires off a buy alert when the ADX is rising and above a user-defined value (default 25). It fires off a sell signal when ADX starts sloping downward. The lookback period to determine if it is sloping up/down (in bars) is also configurable by the user. The plot highlights green when there is a "go" signal. Thanks to @9e52f12edd034d28bdd5544e7ff92e for the idea.
A modified version of the ADX indicator
Indicator average directional movement ( ADX ) helps traders determine the strength of the trend, not its actual direction. It can be used to determine whether changes in the market or starts a new trend. It refers to the average directional movement Index (DMI), and, in fact, included DMI ADX line . The oscillator ranges...
This script is a combination of the Average Directional Movement Index (ADX) help to determine the trend strength with a key level and Relative Strength Index is an oscillator that measures the speed and change of price movements.
- TimeFrame 1h. (pref: ForexMajors )
- 3 levels.
Lower Line under ADX:
- Cross: sma 15 & 50 (red:sell, blue:buy) (edit code if u want modify the values from MA)
- Color line based on sma 50 (blue:on, red:under)
Very important: Use Following the...
As the first in a series of weighted moving averages I propose I present to you the ADX Weighted Moving Average .
The ADX Weighted Moving Average (ADXwma) calculates the average price over a certain period,
contrary to the well known Volume weighted ma, it is weighted by the ADX value,
the ADX value gives an indication of the "strength" of the market.
// Constructs the trailing ATR stop above or below the price, and switches
// directions when the source price breaks the ATR stop. Uses the Average
// Directional Index (ADX) to switch between ATR multipliers. The higher
// multiplier is used when the ADX is rising, and the lower ATR multiplier
// is used with the ADX is falling. This ADX criteria further widens...
Fill indicates Strong Trend
Cross indicates End of Trend
El relleno indica una fuerte tendencia cuando el Di supera "Level Trend"
El cruce de Di+ con Di- indica el fin de la tendencia
Cuando el valor del ADX es menor a "Level Range", estamos en Rango
ADX System Overview
So I Came Across Another Trading System for Only $997. However, if you purchased in the next 24hours the whole system could be Yours For Only $497.
So I decided to Code it. This is only Version 1, and I discuss in the Video What I’ve found so for, some plans for Version 2 of the indicator, and I ask for your feedback on anything you...
Forex Master v4.0 is a mean-reversion algorithm currently optimized for trading the EUR/USD pair on the 5M chart interval. All indicator inputs use the period's closing price and all trades are executed at the open of the period following the period where the trade signal was generated.
There are 3 main components that make up Forex Master v4.0:
This is the last of the 'RePaNoCHa' script for Automatic Trading ;-) ... This time with two take profits ...
It Use 6 indicators + volume:
-JURIK MOVING AVERAGE
-RSI + VOLUME WEIGHTED
To close the position you can choose between 2 Take Profit and the amount to use on each one.
You can transform it yourself into...
today I would like to share an indicator that I had in my mind for quite some time. I call it ADX Boxes.
How does it work?
What the indicator does is very simple. Whenever the ADX falls below a certain threshold (which can be managed in the user input settings) a box will appear. The box will continue to grow as long as the ADX stays below the...
Average Directional Movement Rating quantifies momentum change in the ADX . It is calculated by adding two values of ADX (the current value and a value n periods back), then dividing by two. This additional smoothing makes the ADXR slightly less responsive than ADX . The interpretation is the same as the ADX ; the higher the value, the stronger the trend.