Originally Posted by forex_for_life

This indicator was posted on another group board. It's takes the ADX indicator and shows it as bars on the main chart that change colors when DI+ and DI- lines cross (screenshot posted). Very good idea, however it gives alot of fake-outs. So my idea is to make it so the bars change colors from light to dark depending on whether or not the ADX strength line crosses over a certain number that can be adjusted according to preference. In my case, over the 21 level.

Something like when ADX strength line is below preferred level, DI+ color would be forest green and DI- color would burgandy and when ADX strength line was above preferred level, DI+ color would be lime green and DI- color would be red.

IMHO, ADX indicator is good for faster time frames (1M to 30M) for all those scalpers and day-traders out there. Solid but not too lagging.

CHECK OUT SCREENSHOT AND IF SOMEBODY IS UP TO THE TASK, LET ME KNOW!!!

Peace,

F.F.L.