Simple Help Needed....

D

deepanshah13

Member
#1
#1
Hi!

I have got TWO afls based on ADX. One afl highlights the ADX lines goes below 25 level and another afl highlights the ADX lines goes above 60 level.

I just want to merge both of this afls so the new merged afl highlight the ADX line goes above the level of 60 and below of 25.

The code are as under:

ADX 25 Level:

Code: 
_SECTION_BEGIN("ADX 8 D-13");
rangeadx = Param("rangeadx", 8, 2, 200, 1 );
rangeD = Param("rangeD", 13, 2, 200, 1 );
Period = Param("Periods", 22, 2, 200, 1 );

ColorADX=IIf(ADX(rangeadx)>25,colorLightBlue,colorBlue);
Plot( ADX(rangeadx), _DEFAULT_NAME(),colorADX, ParamStyle("ADX style", styleDots ) );
Plot( PDI(rangeD), "+DI", ParamColor( "+DI color", colorGreen ), ParamStyle("+DI style") );
Plot( MDI(rangeD), "-DI", ParamColor( "-DI color", colorRed ), ParamStyle("-DI style") );

Plot (25,"",colorCustom10,styleNoLabel);
Plot (60,"",colorCustom10,styleNoLabel+styleDots);

AD=ADX(rangeadx);
DP=PDI(rangeD);
DN=MDI(rangeD);
Buy=HHV(AD,Period)<=25;

x=BarsSince(AD>25)-BarsSince(AD<25);

Filter=Buy;
AddColumn( IIf(Buy,AD,Null),"ADX",1.2,colorWhite,IIf(Buy,colorDarkGreen,Null),60);
AddColumn( DP ,"+DI",1.2,colorWhite,IIf(Buy,colorDarkGreen,Null) ,60);
AddColumn( DN ,"-DI",1.2,colorWhite,IIf(Buy,colorRed,Null),60);
AddColumn( X,"BARSINCE",1.2,colorWhite,IIf(Buy,colorRed,Null) ,60);
AddColumn( Close, "Close  " );

_SECTION_END();

ADX 60 Level:

Code: 
_SECTION_BEGIN("ADX 8 D-13");
rangeadx = Param("rangeadx", 8, 2, 200, 1 );
rangeD = Param("rangeD", 13, 2, 200, 1 );
Period = Param("Periods", 22, 2, 200, 1 );

ColorADX=IIf(ADX(rangeadx)<55,colorLightBlue,colorBlue);
Plot( ADX(rangeadx), _DEFAULT_NAME(),colorADX, ParamStyle("ADX style", styleDots ) );
Plot( PDI(rangeD), "+DI", ParamColor( "+DI color", colorGreen ), ParamStyle("+DI style") );
Plot( MDI(rangeD), "-DI", ParamColor( "-DI color", colorRed ), ParamStyle("-DI style") );

Plot (25,"",colorCustom10,styleNoLabel);
Plot (60,"",colorCustom10,styleNoLabel+styleDots);

AD=ADX(rangeadx);
DP=PDI(rangeD);
DN=MDI(rangeD);
Sell=LLV(AD,Period)>=60;

x=BarsSince(AD<55)-BarsSince(AD>60);

Filter=Sell;
AddColumn( IIf(Sell,AD,Null),"ADX",1.2,colorWhite,IIf(Sell,colorDarkGreen,Null),60);
AddColumn( DP ,"+DI",1.2,colorWhite,IIf(Sell,colorDarkGreen,Null) ,60);
AddColumn( DN ,"-DI",1.2,colorWhite,IIf(Sell,colorRed,Null),60);
AddColumn( X,"BARSINCE",1.2,colorWhite,IIf(Sell,colorRed,Null) ,60);

_SECTION_END();
 
S

shrividhya srinivasan

Active Member
#3
#3
hi,

Here am posting my google search details. Its NO WHERE CONNECTED ADVERTISING.
onE need to search & get the reply for clearing the doubts.

ADX Shows Trend Strength
The first concept to remember is that the direction that the ADX moves doesn't depend upon the direction of the underlying stock. All the ADX shows is the trend strength.
>>> http://www.onlinetradingconcepts.com/TechnicalAnalysis/ADX.html
ADX Indicator
How to Use the Average Directional Index Indicator
The ADX Indicator helps stock traders (as well as traders and investors in general) determine how strong the trend is, whether it be up or down.
>>> http://www.online-stock-trading-guide.com/adx-indicator.html
ADX-MACD Easy Forex Trending System
Home
Forex Brokers
Top Forex Brokers For 2012
329 Forex Broker Reviews
Find A Local Forex Broker
Broker Spread Comparison
Forex Regulatory Bodies
Forex Brokers Directory
Metatrader 4 Forex Brokers ...
>>> http://www.fxtsp.com/trading-strategies/trending-strategies/...
ADX Indicator Scale
If ADX is between 0 and 25 then the stock is in a trading range. It is likely just chopping around sideways. Avoid these weak, pathetic stocks! ...
>>> http://www.swing-trade-stocks.com/ADX-indicator.html
ADX Crossing indicator
ADX Crossing.rar
compressed file archive [805 Bytes]
Download ...
>>> http://www.forexstrategiesresources.com/metatrader-indicator-mt4/...
ADX for V Tops and V Bottoms
We have often described how the ADX (J. Welles Wilder's Average Directional Index) can be a useful tool for measuring the strength of trends.
>>> http://www.actionforex.com/articles-library/technical-analysis-articles/...
ADX entry and exit signals are typically the most meaningful when the price and volume of the chart being analyzed has also set up a bullish or bearish pattern.
>>> http://freeonlinetradingeducation.com/adx.html
ADX Quick Summary
Trading with ADX indicator involves the following signals:
ADX staying below 20 level there is no trend or the trend is weak.
>>> http://forex-indicators.net/adx
ADX looks as follows.
Sometimes ADX helps to determine potential market changes. Once the indicator grows over 20 points from below upwards, maybe, it's the sign of the trend's change and its further development.
>>> http://www.forexrealm.com/technical-analysis/technical-indicators/...
The ADX (Average Directional Movement Index)
The ADX is a trend-following system developed by Welles Wilder. Though it can be used as an independent indicator, it t is usually a part of the DMI indicator and determines the market trend.
>>> http://www.aboutcurrency.com/strategies/forextradingstrategies/...
ADX is a lagging trend indicator designed by J Welles Wilder and indicates the strength of a trend, or when a stock is in a strong uptrend or downtrend, or whether it's moving sideways.
>>> http://www.chart-formations.com/indicators/adx.aspx
ADX - Chart
Our Implementation
I personally like being a bit picky about my trades so I add a little rule to my ADX filter saying that ADX needs to be above 25 for 3 bars before I considering it to be trending.
>>> http://www.stock-market-strategy.com/education/technical-analysis/...
ADX = EMA* of DX
*Wilder calculated moving average differently, owing to the need for calculating averages quickly by hand. For example:
Current +DM14 = 13/14 (Previous +DM14) + 1/14 (Current +DM).
>>> http://fxtrade.oanda.com/learn/forex-indicators/average-directional-index
ADX can be accessed in the RTL language using the token ADX.
Keyboard Adjustment . . .
>>> http://www.linnsoft.com/tour/techind/adx.htm
An ADX move below 40 from above indicates a trend slowing down. An ADX move above 20 from below indicates a new trend forming.
>>> http://www.option-trading-guide.com/adx.html
The ADX line will be smoother than the other two. Or in other words, it will Rise as the +DI and -DI lines are diverging.
Typical Trading Rules for the Directional Movement System include: ...
>>> http://www.smallstocks.com.au/technical-analysis/average-directional-index-adx/
The ADX's main purpose is to measure the strength of market trends on a 0-100 scale; the higher the ADX value the stronger the trend.
>>> http://www.cmsfx.com/en/trading-software/vt-trader/vt-trader-features/...
When the ADX is rising it usually indicates that a strong trend is underway. In many cases waiting for any sizeable dip would be costly because the market could run away and the dip entry would be too late to maximize our profits.
>>> http://www.tradejuice.com/system-trading/rsi-adx-clb.htm
When the ADX line is rising this indicates that the market is trending and trend following systems and indicators (for example Parabolic SAR, and Moving Averages) are appropriate for use.
>>> http://www.traderslog.com/Average-Directional-Index.htm
As seen in the ADX calculation, there is a lot of smoothing involved and it is important to understand the effects. Because of Wilder's smoothing techniques, it can take around 150 periods of data to get true ADX values.
>>> http://stockcharts.com/school/...
The Average Directional Index, or ADX, was developed by J. Welles Wilder to determine trend forces, whether the trend will grow on or will gradually lose its positions.
>>> http://www.forexdeluxe.com/technical-indicators/...
ADX Directonal Movement Index ADX/DMI definition
The Directional Movement Index, DMI,is an effective and frequently used trend indicator. This system was designed by Welles Wilder Jr.
>>> http://www.btflive.net/edu/education.php?op=viewindicator&id=3
ADX (Average Directional Index) - Unlike most oscillators, ADX does not attempt to gauge the direction of the trend; instead, it works to gauge the strength of the trend.
>>> http://www.forextheory.com/additional-info/forex-glossary-a.html
ADX Indicator:
The ADX Indicator or The Average Directional Movement Index Indicator is used to analyze the strength of the trend of a stock or a commodity. It is part of The Directional Movement System, developed by J.Welles Wilder.
>>> http://www.stock-trading-infocentre.com/stock-trading-terminology.html
ADX - Measures the strength of a prevailing currency trend and whether or not there is direction in the forex market. Plotted from zero on up, usually a reading above 25 can be considered directional.
>>> http://www.forextradingusa.com/forex-glossary.htm
ADX: See Average Directional Index
After Hours: Any trade posting, adjusting, or changes made by specialists or member firm after the official close of the market.
>>> http://www.stockmarket-coach.com/stock-market-terms-letter-a.html
ADX in a Trending Market
A way to determine if the market is trending is through the use of the Average Directional Index indicator or ADX for short.
>>> http://www.babypips.com/school/what-is-a-trending-market.html
ADX indicator
The ADX indicator is used to determine the strength of a trend of a given stock or commodity in the open market. It might be used as a confirming indicator or help to give you early warning signals t ...
>>> http://www.stocks-simplified.com/index.html
ADX (Average Directional Index)
The ADX (Average Directional Index) is another indicator to help determine if a stock is ranging or trending.
>>> http://www.istockanalyst.com/help/Average_Directional_Index
-ADX (Average Directional Index) standard technical indicator that measures the strength of a trend. Ask (Offer) price of the offer, the price you buy for.
-Aussie Is the Forex common name of the Australian dollar.
>>> http://forexformation.com/financial-markets/forexformation-glossary/
ADX- Directional Movement Index: The Directional Movement Index provides an indication of how much a stock is trending. Since stocks tend to only trend 30% of the time and move sideways the remainder of the time this indicator can prove very useful.
>>> http://livewithoscar.com/Glossary.aspx
ADX (Average Directional Index): ADX above 25 and rising
Moving Average: The prices closing above Moving Average (say 5 to 20 periods for short term trading and 20 to 60 periods for medium term trades).
>>> http://www.articlesnatch.com/Article/...
ADX (Wilder's DMI -
Directional Movement Index)
The Directional Movement is a trading system developed by Welles Wilder to help determine if a stock is trending. The system involves the 14-day +DI (directional indicator) and the 14-day -DI.
>>> http://www.leavittbrothers.com/education/technical_analysis/chart_indicators/...
ADX (Average Directional Movement Index) measures the degree of market trend and tells you, which set of indicators are best to follow. A raising ADX signals a strong trend, while a falling ADX signals no-trend or trading conditions.
>>> http://www.stocks-for-beginners.com/technical-stock-analysis.html
ADX is an n-period exponential smoothing indicator developed by Wilder, one of a set of indicators he developed. ADX is used to determine the existence and strength of the current environment. Is it trending or non-trending?
>>> http://www.positiveterritory.com/do/def_a-c.htm
ADX - Average Directional Movement Index
ADXR - Average Directional Movement Rating
AMA Binary Wave ...
>>> http://www.quotetracker.com/help/techind.shtml
ADX should be rising
ADX should be above 50
Confirmation from another indicator is encouraged pointing towards strong trending or volatility characteristics.
>>> http://www.mrswing.com/stockcharts/dev/index.php?content=technical_dmi
ADX above 25 with the stock trending in a consistent fashion above your medium-term moving average can be the starting point in your stock trend analysis.
>>> http://www.stock-market-college.com/stock-trend-analysis.html
ADX is an Oscillator that fluctuates between 0 and 100. Even though the scale is from 0 to 100, readings above 60 are rare. Low readings, below 20, indicate a weak trend and high readings, above 40, indicate a strong trend.
>>> http://www.forexbydesign.com/indicatordictionary.htm
ADX : Determine if it is a high number (trending) or a low number (range-bound).
Bollinger Bands: Determine if they are flaring (trending) or tight (range-bound).
>>> http://forextrading.about.com/od/tradingmechanics/a/environment_ro.htm
ADX = the exponential moving average* of DX
*Welles Wilder's Indicators
Users should beware, when setting time periods for Welles Wilder's indicators, that he does not use the standard exponential moving average formula.
>>> http://www.incrediblecharts.com/indicators/directional_movement.php
ADX helps determine if a security is Trend or not. Bullish when the +DI rises above the -DI, bearish when the +DI falls below the -DI. You can use extreme price method to help avoid whipsaws in sideway market.
>>> http://www.stockaplus.com/help/indicators.htm
As the ADX Line is Non Directional, it does not tell you whether the market is in an uptrend or a downtrend (you must look to price or the DI/-DI Lines for this) but simply how strong or weak the trend in the financial instrument you are analyzing is.
>>> http://www.global-view.com/forex-education/forex-trading-handbook/cmd/...
If the ADX is above 30, the momentum is strong, and is likely to continue.
If the ADX is below 20, the momentum is starting to weaken.
Relative Strength Index (RSI) - shows when a reversal is imminent ...
>>> http://www.swing-trading-options.com/trendanalysis.html
ADX -- ADX is one of the most powerful and reliable technical indicators I've found. The indicator gives a basic buy signal when +DI (green) cross above -DI (red), and the reverse for a sell.
>>> http://web.streetauthority.com/tradingterms.asp
Scalping ideas (ADX and Bollinger bands)
Scalping system #1 (Economic news releases)
Scalping system #2 (Morning breakouts)
Scalping system #3 (2 SARs to go)
Scalping system #4 (5 pips with GBP/USD)
Scalping system #5 (Tops & Bottoms) ...
>>> http://forex-strategies-revealed.com/scalping-systems
Average Directional Movement Index (ADX): An indicator to measure market trend intensity.
Average True Range: A moving average of the true range.
B ...
>>> http://www.worldwideprofiler.com/glossary.html
ADX Directional Movement Index ADX fluctuates between 0 and 100. Readings below 20 indicate a weak trend or... AED The AED, the currency of The United Arab Emirates (UAE)< the for code ISO The AFA Learn...>
>>> http://www.fxwords.com/a/
Average Directional Index - ADX measures the strength of a trend. ADX ranges between 0 to 100 - the higher the oscillator, the stronger the trend.
Average True Range - An indicator that measures a security's volatility.
>>> http://static.digitallook.com/digital/pages/chartinghelp.html
ADX : See Average Directional Index.
AED : ISO 4217 currency code, Currency used in United Arab Emirates, call...
AFN : ISO 4217 currency code, Currency used in Afghanistan, called Afghan...
>>> http://www.forexforum.net/forex-glossary/definition-A.htm
The Directional Movement Index (DMI, ADX)
Screening with price and volume ratios
Which technical indicators will work for you
Volume spikes and reversals
Volume Indicators
Using charting signals
Using Buy and Sell Signals for Screening Stocks ...
>>> http://www.chartfilter.com/component/option,com_xmap/Itemid,146/sitemap,1/
The Average Directional Movement Index (ADX) helps indicate if the market is moving in a trend in either direction and how strong the trend is. If a trend has readings in excess of 25 then it is considered a stronger trend.
>>> http://www.liteforex.com/beginners/forex-trading-strategies/
The third line is the ADX - which is the average of the difference between D+ and D-. The higher the ADX, the higher the trend intensity, readings above 40 indicate a strong trend, whereas readings below 20 show a weak trend.
>>> http://www.citifxpro.com/glossary-of-terms
The first ADX rates the directional movement (trend) of a stock on a scale of 0-100. Generally speaking the higher the number the more a stock is trending and the more it is a candidate for a trend following system.
>>> http://bigcharts.marketwatch.com/help/glossary/...
The Average Directional Movement Index (ADX) line helps determine whether a market is in a trending or range bound phase. It measures the degree of trend or direction in the market. A rising ADX line suggests the presence of a strong trend.
>>> http://www.avafx.com/Technical-Trading-Guide/
DMI is composed of three lines: +DI, which shows buying pressure, -DI, which shows selling pressure, and the Average Directional Movement Index (ADX), which measures the spread between +DI and -DI and helps to show the strength of the trend.
>>> http://research.scottrade.com/public/knowledgecenter/dictionary/...
In ADX study the +DI and -DI are each averaged for a period of days and then divided by the average 'true range'. The results are normalised (multiplied by 100) and displayed as oscillators. The ADX is measured on a scale from 0 to 100.
>>> http://www.flscorporation.com/learning-centre/technicalindicator.php
Among the 30-plus strategies revealed in this manual are: THE 15-MINUTE ADX BREAKOUT METHOD (Chapter 20) Especially for daytraders! ...
>>> http://www.daytradersbulletin.com/html/daytrading.html
Average Directional Index (ADX) Part of the Directional Movement Indicator system developed by J. Welles Wilder, the ADX line is based on the spread between the +DI and -DI lines from that same system ...
>>> http://www.ezeetrader.com/resources/glossary.php
Reports ADX Directional Movement Index
DMI indicates when a trend is present and the overall strength of a market.
Overview ...
>>> http://www.btflive.net/edu/education.php?op=viewpage&pageid=66
ADX Directional Movement Index ADX fluctuates between 0 and 100. Readings below 20 indicate a weak trend or... AED The AED, the currency of The United Arab Emirates (UAE)< the for code ISO The AFA Learn...>
>>> http://www.fxwords.com/a/
ADXR measures the strength of a prevailing trend and defines if there is direction in a market. As a rule a reading above 25 is thought to be directional (it's plotted from zero and over).
>>> http://www.forexrealm.com/technical-analysis/technical-indicators/adxr.html
ADXR can be accessed in the RTL language using the token ADXR.
Keyboard Adjustment . . .
>>> http://www.linnsoft.com/tour/techind/adxr.htm
The ADXR is used in much the same way as the ADX; the higher the ADXR value the stronger the trend. Values above 40 indicate very strong trending while values below 20 indicate non-trending or ranging market conditions.
>>> http://www.cmsfx.com/en/trading-software/vt-trader/vt-trader-features/...
From cmsfx
The ADXR is constructed adding the current ADX value and an ADX value n-Periods ago and then dividing that sum by two. (full article) ...
>>> http://www.forexdeluxe.com/technical-indicators/...
ADXR is calculated by adding the current ADX value and an ADX value n periods back, then dividing the sum by two. This serves to smooth the ADX values.
>>> http://www.traderslog.com/adxr.htm
ADXR
An additional indicator, the average directional movement index rating (ADXR), was created by Wilder as a measuring tool for the strength of ADX. ADXR is the average of the current ADX and the ADX 14 days ago.
>>> http://www.btflive.net/edu/education.php?op=viewpage&pageid=66
ADXR Indicator:
Conventional Interpretation:
ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal.
>>> http://www.canadagrain.com/tfc/samples/mayd.html
ADXR
The ADXR is a different form of ADX. It allows us to calculate the same thing. Except it does it at a different rate.
>>> http://www.stocks-simplified.com/index.html
ADXR shows the momentum change in the value of the ADX. It is calculated by calculating the average of the two ADX values - current ADX and previous candle's ADX. Usage: the higher the ADX, the stronger the trend. ADXR was developed by J.
>>> http://www.quotetracker.com/help/techind.shtml
Whereas the ADXR plot of the DMI is used to rate contracts from the longer term, trend-following point of view, the CSI is used to rate items in the more volatile short term.
>>> http://www.brightcommoditybroker.com/CommodityEducation/Terms/Technical.htm
The CSI is calculated by multiplying the ATR, a constant and the ADXR. The latter is the sum of the recent ADX plus the ADX of 14 periods ago divided by two. The forumula for the CSI is: ...
>>> http://www.chart-formations.com/indicators/csi.aspx?cat=momentum
In technical analysis, the Average Directional Movement Index Rating (ADXR) measures the strength of the Average Directional Movement Index (ADX).
>>> http://research.scottrade.com/public/knowledgecenter/dictionary/dictionary.asp
The Commodity Select Index is usually calculated over 14-periods and includes the ADXR (see: ADX) in its calculation.
>>> http://www.onlinetradingconcepts.com/TechnicalAnalysis/CommoditySelectIndex.html
It is beyond the scope of this book to provide full calculation details on the Commodity Selection Index. It is calculated using the ADXR component of the Directional Movement indicator.
>>> http://www.marketinout.com/...
The ATR is a component of the Welles Wilder Directional Movement indicators (+/-DI, DX, ADX and ADXR).
The ATR was developed by J. Welles Wilder and is described in his 1978 book New Concepts In Technical Trading Systems.
Formula: ...
>>> http://www.istockanalyst.com/help/Average_True_Range
The system works best according to Wilder on securities that have an ADXR value above 25.
>>> http://www.trade10.com/Directional_Movement.html
The system involves 5 indicators which are the Directional Movement Index (DX), the plus Directional Indicator (+DI), the minus Directional Indicator (-DI), the average Directional Movement (ADX) and the Directional movement rating (ADXR).
>>> http://www.smallstocks.com.au/technical-analysis/directional-movement-index-dmi/

The ADX (Average Direction Index) is a technical indicator developed by J. Welles Wilder, author of other indicators such as Parabolic SAR . The indicator which we have to pull in this article works as an oscillator fluctuates between 0 and 100. The purpose of the ADX is to obtain information about the strength of the current market trend to determine if we are in a situation of trend or range. It also reports on the prevailing trend of the market through movement indicators positive / negative (+ DI and-DI).

The letters are an abbreviation ADX: Average Directional Index, which can be translated as Average Directional Index. In this indicator we can see three lines: line + DI (short for Positive Directional Indicator, green) , line-DI (Negative Directional Indicator in red) and the thicker line, which is the color black ADX . The ADX indicator measures the strength of a trend and can be useful to determine if a trend is strong or weak. High readings indicate a strong trend and low readings indicate a weak trend. These lines show how the ADX identifies the trading range.
This indicator measures trends and weaknesses, either an uptrend or downtrend.When this indicator shows a low reading means that the graph is oscillating in ranges, and the negotiation of supply and demand is more or less balanced. Avoid positioning in graphs with low readings.
ADX FORMULA.
As mentioned above, the ADX is an indicator that functions as an oscillator that fluctuates between 0 and 100. Lets look at the different values of the lines in the ADX and formulas:
+ DI (Positive Directional Indicator) : This is the line positive direction indicator that measures the presence of upward movements.
Its calculation is this: + DI = + DM / TR. The (+ DM) is the sum of the moves in the positive direction and TR is the True Range (Range True) for a specified period, which can be modified.
-DI (Negative Directional Indicator) : The line-DI, negative direction indicator that measures the presence of downward movements.
Its calculation is as follows:-DI = DM / TR. The (-DM) is the sum of negative movements (downward) and TR is the True Range (Range True) for a specified period, which can also be modified.
Importantly, for both lines use the same period for the calculation. Normally its value is usually 14. But I urge you to try other values.
The ADX (Average Directional Index) : This is the line that names the indicator and is the most important because it is used to determine the strength of the current trend.His estimate comes from dividing the difference between + DI and-DI and the sum of both: ADX = ((+ DI) (-DI)) / ((+ DI) + (-DI)).
INTERPRETATION OF ADX.
Once seen the formula see how to apply it to interpret our trading strategies:
On the one hand we have the lines + DI and-DI that inform us of the direction of market movements. Another thing is the ADX line that tells us the state of the market.
Direction of the trend. When lines + DI and-DI cross, generate signals that can be interpreted as follows: After crossing + DI line in green, this is above the trend is bullish or range On the contrary, when the-DI line crosses red and stay above the green, we understand that we are in a bearish trend or range.
Difference between trend and range. force ADX line is who determines whether we have a trend or to a range. The interpretation is simple. On the right side of the display you can see a scale from 0 to 100 that measures the strength of the trend. How do we interpret this scale? If the ADX is between 0 and 25 in the TR (true range) then we will understand that it is in a trading range or exchange supply and demand more or less balanced as we can see in the turquoise box image 2. Thus we interpret that any cross between green and red lines between these levels is an oscillation between ranges, so we should not take positions as there is no trend. To take positions we expect the ADX rises above 25, then we can expect the beginning of a trend, be it up or down. When we see the rise ADX above 30, we have confirmation that the trend is as it were official. At this point the trend in the price usually starts to accelerate, thereby dispelling doubts about whether this is a trend or a range. At that time (as shown in Figure 2 marked with a red ellipse), we get the confirmation that we are in a strong trend.

Picture 2. Marked with turquoise rectangles, the entire area of oscillation between ranges where green and red lines intersect on several occasions while the ADX line does not exceed the level of TR 25. The confirmation of the tendency is marked with red ellipses at the time the level exceeds the line ADX above. This is the signal we expect to take positions.
Adx at high levels. When the ADX is above 50 or 60 must understand that this is too high and that usually do not last long at this level. When this happens, it soon begins to see trends coming to an end and begins development of sections in the reverse direction, we can find an example of this in Figure 2.
Summarizing: if the ADX is below 25, should stay out of the market understood that the market is enclosed in movement range, whereas if it is above 25 take positions after said signals generated since the market come into trend. The most appropriate way to use the ADX is entering the market in the direction indicated by the lines + DI and-DI at the time when the value of ADX crosses or is above level 25. Another way to use this indicator, which shows the image 3, which involves taking signals crossing + DI and-DI if the ADX is above 25 (without crossing the ADX give level 25 at that time). To exit the market is usually taken as a sign of a new crossing + DI and-DI to the contrary, as shown in Figure 3. Also worth noting that all crossings and signals generated by the ADX indicator below level 20 is a clear sign that there is no tendency and is not recommended in any case take positions.

Picture 3. Here we can see the signs of a full trading successfully closed after following the recommendations for use of the ADX. In turquoise see as the green + ID-ID crosses the red.Until then we must interpret it as one of the crossings between ranges. Confirmation of the trend graph is marked by the arrow pointing upward when the ADX which exceeds the level 25, at which point we take positions. The close of trading is marked in yellow ellipse in which we can see the signal that indicates the end of the position: The intersection of lines + ID and ID in the opposite direction.
As we can see, the interpretation and trading strategies with this indicator are easy to learn and simple to apply. Obviously nothing is infallible and it is normal that sometimes generate false signals, but if we are disciplined and apply the strategies of how they are designed, you will soon see that successful businesses that generate outweigh the losses. It is more important to develop the strategy correctly, to do a good trade on one occasion, and know how to apply that knowledge in a disciplined way, we will achieve more long-term benefits, if we know how to be consistent and remain calm, the benefits in strategies come alone
http://www.itradingshares.com/adx-average-direction-index/

Regards,

Shrividhya S
 
F

ford7k

Banned
#4
#4
hi Depanshah
first thing
actually you need to understand-- the experts are busy people and they take time and they d one thing at a time -try to finish what they take into their hand.

second thing
the two afls you posted are same and the second afl is not worth as it uses ADX 60 level which normally never happens.

just use first one. it will do.

When ADX CROSS 16,LIFE COMES IN INTO TREND.
When adx cross 25 and pdi>mdi,uptrend starts working.
when Adx cross 25 and mdi cross pdi,downrend starts working.
have patience
give time
somebody will help you.
dont focus on things that rarely work.
 
J

johnnypareek

Well-Known Member
#5
#5
deepanshah13 said:
160 views but NO One to Help... :(
Click to expand...
In hurry. Hope it serves as u needed

HTML: 
_SECTION_BEGIN("ADX 8 D-13");
rangeadx = Param("rangeadx", 8, 2, 200, 1 );
rangeD = Param("rangeD", 13, 2, 200, 1 );
Period = Param("Periods", 22, 2, 200, 1 );

ColorADX=IIf(ADX(rangeadx)>25,colorLightBlue,colorBlue);
Plot( ADX(rangeadx), _DEFAULT_NAME(),colorADX, ParamStyle("ADX style", styleDots ) );
Plot( PDI(rangeD), "+DI", ParamColor( "+DI color", colorGreen ), ParamStyle("+DI style") );
Plot( MDI(rangeD), "-DI", ParamColor( "-DI color", colorRed ), ParamStyle("-DI style") );

Plot (25,"",colorCustom10,styleNoLabel);
Plot (60,"",colorCustom10,styleNoLabel+styleDots);

AD=ADX(rangeadx);
DP=PDI(rangeD);
DN=MDI(rangeD);
Buy=HHV(AD,Period)<=25;

x=BarsSince(AD>25)-BarsSince(AD<25);
Sell=LLV(AD,Period)>=60;

x=BarsSince(AD<55)-BarsSince(AD>60);

Filter=Sell OR Buy;
AddColumn( IIf(Sell,AD,Null),"ADX",1.2,colorWhite,IIf(Sell,colorDarkGreen,Null),60);
AddColumn( DP ,"+DI",1.2,colorWhite,IIf(Sell,colorDarkGreen,Null) ,60);
AddColumn( DN ,"-DI",1.2,colorWhite,IIf(Sell,colorRed,Null),60);
AddColumn( X,"BARSINCE",1.2,colorWhite,IIf(Sell,colorRed,Null) ,60);
AddColumn( IIf(Buy,AD,Null),"ADX",1.2,colorWhite,IIf(Buy,colorDarkGreen,Null),60);
AddColumn( DP ,"+DI",1.2,colorWhite,IIf(Buy,colorDarkGreen,Null) ,60);
AddColumn( DN ,"-DI",1.2,colorWhite,IIf(Buy,colorRed,Null),60);
AddColumn( X,"BARSINCE",1.2,colorWhite,IIf(Buy,colorRed,Null) ,60);
AddColumn( Close, "Close  " );

_SECTION_END();
 
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