ADX Trigger AM

ADX Trigger AM

This indicator is an interpretation of the Average Directional Movement Index (ADX), which helps to determine the presence of a price trend.

It was developed and described in detail in the book "New Concepts in Technical Trading Systems" by Welles Wilder.

The indicator determines entry points into the market, using the intersection of the +/- lines of the ADX indicator as a signal, as well as the rise or fall of the main line of the ADX indicator.

Crossing the zero line by the indicator indicates a change in trend.

• If the oscillator value is 1 - the price is rising, the trend is maintained;
• If the oscillator value is 0.5 - the price is rising, there is no trend;
• If the oscillator value is -1 - the price is falling, the trend is maintained;
• If the oscillator value is -0.5 - the price is falling, there is no trend.

The optimal entry moment is when the price breaks the maximum/minimum of the bar on which the indicator breaks 0.

Settings:

ADX_Period - ADX period;

ADX_Price - price used to calculate ADX.

Attention:

With respect and best wishes,

Andrii Matviievskyi

P.S.

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