Quote:
Originally Posted by iberenhaus
I am very interested in your indicator because Bill Poulos has complained that the ADX indicator within MT4 isn't correct. He advocates using the ADX within VT Trader which means changing software (and potentially brokerage firms) to use a correct ADX. I installed the indicator you programmed and the ADX became visible (after setting "Use ADX" to 1). It looks quite similar to the ADX in VT Trader which has two parameters (14 and 14) which appear to be the length of the ADX and the length of the DMI.
Can you confirm that I am understanding all of this correctly and that the default ADX within MT4 is different than Wilder's, while yours is a close approximation of Wilder's ADX?
I certainly appreciate your help.
Thanks,
Ira Berenhaus
iberenhaus@comcast.net |
The ADX in MT4 works different compared to Wilders original method. There is a posting, I have forgotten where on this site that has a good ADX named WildersDMI_v1. It works correctly. I have told this to Bill Poulus and also provided him with a link to this site. Obviously he prefer not to inform his customers that there is a good ADX available for MT4. I have done some MT4 programming implementing one of his methods in MT4. (I bought his quite expensive package). I am not 100% sure I got everything right but so far its no good. On his site with testimonials there is an entry where a person claims to have programmed the indicators. When I tried to get in contact with that person and asked Bill about his address Bill blankly refused. Even after presenting Bill with good reasons why and some arguing. Makes you wonder why.