Expert Advisors MT4
Trading Systems MT4
Forex Indicators MT4
Forex Indicators MT5
Binary Options Systems
Click on the magnifying glass to see the zoom
ADXm smoothed - indicator for MetaTrader 5
ADXm is a variation of a well known ADX indicator.
Unlike the ADX indicator, which is directionless (the value of the ADX itself does not show the direction of the market, but is just showing if certain level(s) are reached), ADXm indicator is attempting to correct that and is showing the direction of the market trend too.
This version is adding one more thing: in order to use the slope of the ADXm as a signal, ADXm is additionally smoothed using Jurik smoothing. That way the number of false signals is lessened and (since Jurik smoothing is very "fast" to react to value changes) the lag is minimal.
Read or write a comment
Add a comment
4- Very good
Copy the image
KingEshop - E-commerce