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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
ADX look good for Amibroker (AFL)
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_SECTION_BEGIN("ADX Indicator"); //Trend Following Systems DO NOT work when ADX is Below 20 - Tech Analysis A-Z; page 120 P1 = Param("Period",14,0,100,1); MyPDI= PDI(P1);//Positive ectional Indicator MyMDI= MDI(P1);//Negative ectional Indicator (Minus) MyADX= ADX(P1);//Average ectional Movement Index //Green ADX Line=Rising; Red ADX Line=Falling col = IIf( MyADX > Ref( MyADX, -1 ), colorYellow, colorCustom12 ); Plot( MyPDI,"+DI",colorBrightGreen, styleThick); Plot( MyMDI,"-DI",colorRed, styleThick); Plot( MyADX,"ADX",col, styleThick); Plot(20,"",colorWhite,styleDashed+styleThick); Plot(45,"",colorWhite,styleDashed+styleThick); range = Param("Periods", 14, 2, 200, 1 ); Strong = Param("Strong ADX Above", 25, 2, 200, 1 ); Weak = Param("Weak ADX Below", 16, 2, 200, 1 ); LongCond = Cross(ADX(range), Strong) OR Buy2 = Cross (ADX(range), Weak) OR Buy3 = Cross(Weak, ADX(range)) ; ShortCond = Cross(Strong,ADX(range)) OR Buy2 = Cross (Weak,ADX(range)) OR Buy3 = Cross(ADX(range), Weak) ; MyColor= WriteIf ( (ADX(range) > Strong) AND (PDI(range) > MDI(range)), EncodeColor(colorBrightGreen), WriteIf ( (ADX(range) > Weak) AND (PDI(range) > MDI(range)), EncodeColor(colorGreen), WriteIf ( (ADX(range) > Strong) AND (MDI(range) > PDI(range)), EncodeColor(colorRed), WriteIf ( (ADX(range) > Weak) AND (MDI(range) > PDI(range)), EncodeColor(colorOrange), EncodeColor(colorWhite) )))); ADXStatus = WriteIf (ADX(range) > Strong, "Strong ADX TrenD", WriteIf (ADX(range) > Weak, "Weak ADX TrenD", "Relax" )); Trend = WriteIf (PDI(range) > MDI(range), EncodeColor(colorBrightGreen) +"UP TrenD", EncodeColor(colorRed)+"DOWN TrenD");Title=Name()+ " @"+ " Price: " + C + EncodeColor(colorGreen) +" ADX" + WriteVal( MyADX )+ EncodeColor(colorWhite) + " +DMI" + WriteVal( MyPDI )+ EncodeColor(colorRed) + " -DMI" + WriteVal( MyMDI ) + EncodeColor(colorWhite) + "\nADX @ " +MyColor + ADXStatus + EncodeColor(colorWhite) + "\nTrend @ " + Trend; _SECTION_END();