The stock indicator ADX Smoothed is a smoothed ADX indicator applying the smoothing algorithm of John Ehlers to ADX curve, and + DI -DI.
Compared with conventional ADX Indicator, the ADX indicator Smoothed contains less market noise
HTF or Higher Time Frame: option to select a time frame (time unit) different from the current time frame for the calculation of the indicator .
Technical analysis of multiple time frame allows the investor to identify the general trend of short-term market and long term to anticipate the entry and exit points of the trade with a global vision of the market.
If the signals correspond to the different time frames, the probability of success increases: the trading signal is stronger and more reliable.
included
adx_smoothed_htf.mq5
adx_smoothed.mq5
Broker Online - Broker Exchange : Platform Trading Metatrader MT5
Interpretation Rules - Signals From Trading
- Strength of the trend
. Smoothed ADX line is above the 20 level - trend market, bullish or bearish trend strong
. Smoothed ADX line is below level 20 - No trend, range trading conditions
* Buy signal : Feeling uptrend
. Curve + DI crosses -DI upward line
* Sales Signal: Feeling downtrend
. Curve + DI crosses down the -DI line
Learn more about the rules and trading signals:
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