Waddah Attar ADXxBollinger

v10.3
Waddah Attar ADXxBollinger

This indicator give ADX trend signals associated with Volatility expansion at the same time.

If the histogram is red, DIminus is above DIplus and if its green, DIminus is under DIplus and the trend is bullish.

The oscillation are made by multiplying the ADX value to Bollinger Bands bandwidth, so you can have a rough idea of the trend force (volatility).

I stumble upon this MT4 indicator while browsing information on the web to help someone making an ADX screener, so here it is converted for prorealtime.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. flodefacebook • 10/09/2017 #

    Merci Nicolas pour cet indicateur.
    Très utile dans une technique de retournement.

  2. HeikinAshi • 10/09/2017 #

    thank you for this very interesting indicator Nicolas!

    did you define a tradable setup for yourself?
    indicator is green, falling: X rising: Y
    indicator is red, falling: X rising: Y

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