STD Adaptive ADXm w/ Floating Levels is a standard deviation adaptive ADX indicator with adaptive floating boundary levels
What is the ADX?
Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend may be your friend, but it sure helps to know who your friends are. In this article, we'll examine the value of ADX as a trend strength indicator.
What is the ADXm?
Unlike the traditional ADX indicator, where the ADX itself is plotted in absolute units and detection of the trend direction is hindered, this indicator clearly displays the positive and negative ADX half-waves (displayed as colored on the chart).
Included:
-Toggle on/off bar coloring
-Toggle on/off fill coloring
What is the ADX?
Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend may be your friend, but it sure helps to know who your friends are. In this article, we'll examine the value of ADX as a trend strength indicator.
What is the ADXm?
Unlike the traditional ADX indicator, where the ADX itself is plotted in absolute units and detection of the trend direction is hindered, this indicator clearly displays the positive and negative ADX half-waves (displayed as colored on the chart).
Included:
-Toggle on/off bar coloring
-Toggle on/off fill coloring
Notes de version:
Updated formulas.
Notes de version:
Fixed display type
Notes de version:
Fixed small coloring error
Public Telegram Group, t.me/algxtrading_public
VIP Membership Info: www.patreon.com/algxtrading/membership
VIP Membership Info: www.patreon.com/algxtrading/membership