Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Trading Platforms
Other Trading Platforms
Advanced ADX Indicator VertexFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="TraderEd, post: 82716, member: 30873"] Hello, I have converted the Advanced ADX Indicator to VertexFX client side VTL Script. Advanced ADX Indicator is a VTL client side script that provides better visual representation on ADX indicator. In traditional ADX Indicator, ADX indicates the trend strength and plus directional index (+DI) and minus directional index (-DI) determines the trend direction. When plus +DI is above -DI, trend direction is up and when -DI is above +DI, trend direction is down. The bottom pane in chart is normal ADX indicator. The dotted lines represent +DI and -DI and continuous green line represents ADX. Advanced ADX indicator is plotted in the middle pane. ADX values are plotted as a histogram. When trend direction is up (+DI above -DI), the histogram color is green and when trend direction is down (-DI above +DI), histogram color is red. Thus green histogram represents up trend and red histogram represents down trend and trend strength is indicated by the histogram height. This provides an easy visualization and interpretation of ADX. ADX period can be customized with the parameter "ADXPeriod" in VTL script. Default value is 14 but users can change it to arrive at better period values. [IMG]http://i60.tinypic.com/k4tsa9.jpg[/IMG] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…