Thread: filters indicators
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Old 10-26-2005, 11:50 AM
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Adx
An other indicator which may be used as a filter is Directional system (ADX).
Directional system was developed by J. Wilder in the middle of 1970s as an addition to the system PARABOLIC SAR, and then it was advanced by a number of the analysts. ADX defines the tendency and shows, whether it moves quickly enough to follow it. ADX helps to take benefit, being still in the middle of important trends.

This indicator promotes searching of tendency force. If ADX raises, it means that the market tendency becomes stronger. At such times, it is desirable to conclude the bargains only in the direction of the tendency. When ADX falls, it means that the tendency is questionable.
Attached Files
File Type: mq4 adx.mq4 (3.9 KB, 407 views)
File Type: mq4 ADXbars.mq4 (3.1 KB, 436 views)
File Type: mq4 ADX Crossing.mq4 (2.2 KB, 436 views)
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