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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.
Last edited by forex_for_life; 05-17-2007 at 06:56 PM.
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.
Try this out and see if it is what you want and let me know if you need anything else done to the indicator.
Thanks in advance for your rapid response to my request. I am very grateful for your efforts. I am away from my P.C. with MT4 on it and once I get back home and load indicator up, I'll let you know whether or not it was what I needed. I appreciate the effort and will let you know by days end.
I have recently been trading using the Double CCI Wodies indicator as it seems to give good entry points when added to HAS bars, I have changed colours to suit and overlayed it on the HAS bar indicator, I also use an MACD.
To make this system even better it would be really good if someone could add an alert for when the gold bar is formed (indicator 4 in the program)
I have recently been trading using the Double CCI Wodies indicator as it seems to give good entry points when added to HAS bars, I have changed colours to suit and overlayed it on the HAS bar indicator, I also use an MACD.
To make this system even better it would be really good if someone could add an alert for when the gold bar is formed (indicator 4 in the program)
I have recently been trading using the Double CCI Wodies indicator as it seems to give good entry points when added to HAS bars, I have changed colours to suit and overlayed it on the HAS bar indicator, I also use an MACD.
To make this system even better it would be really good if someone could add an alert for when the gold bar is formed (indicator 4 in the program)
See the attached pic
Thank You, very much, for this wonder Indicator, Senjor DelBoy! Thank You!
Linear Mode
