fxcodebase-backup
ADX Fractals Signals
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=64087
Forum: 38 · Topic 64087 · 1 post(s)
ADX Fractals Signals
Apprentice · Fri Nov 11, 2016 12:24 pm
Description: This indicator will generate historical signals and real time alerts when the following conditions are met:
BUY:
- ADX IS INCREASING IN PAST 2 BARS
- DMI POSITIVE> DMI NEGATIVE
- CCI > BUY LEVEL IN PAST 3 BARS
- APPEARANCE OF NEW SUPPORT FRACTAL(DOWN FRACTAL)
SELL:
- ADX IS INCREACING IN PAST 2 BARS
- DMI NEGATIVE> DMI POSITIVE
- CCI < SELL LEVEL IN PAST 3 BARS
- APPEARANCE OF NEW RESISTANCE FRACTAL(UP FRACTAL)
Please note that the present indicator does the calculations and display the Buy/Sell Signals, but since there are indicators being used in separate windows and the main chart, a visual representation cannot be provided due to platform restrictions. This means the user needs to attach each of the indicators (ADX, CCI and Fractals - the 3 of them within the MT4 default indicators) to visualize what the alerts are telling.