ADX Indicator without Wilder smooth

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  • 10/04/2017 at 10:56 AM #48176 quote
    carlo81lt
    Participant
    New

    Dears,

    someone knows where to find the version of ADX without Wilder smooth? I noted that in Prorealtime is only present the version smoothed.

    Thanks

    10/04/2017 at 2:36 PM #48197 quote
    Nicolas
    Keymaster
    Master

    You’ll find a version calculated with EMA instead of WMA in this thread: https://www.prorealcode.com/topic/help-with-code-please-2/

    Is it what you are looking for?

    10/05/2017 at 1:26 PM #48288 quote
    carlo81lt
    Participant
    New

    I don’t know if this is the version…I’ll check it.

    To be clear, my question rises because, on another trading station of other broker, I always used the limit of 40 for ADX value to separate between weak and stronger trends. In Prorealtime version I see that such limit is set at 17, and such version is with Wilder smooth. I also made a comparison for the same Index instrument, with the 2 “different” versions of ADX, and the signals are very different.

    Based on this observation, I thought that the version without smooth is that one with limit set at 40…

    I hope someone can clarify this differences to me.

    Thanks

    10/05/2017 at 1:42 PM #48291 quote
    Nicolas
    Keymaster
    Master

    I don’t think that modifying the way the value are smoothed would change the scale of the DMI. I think I know what you are talking about, different scale for this same indicator.. Maybe these topics where I found other DMI codes would be more suitable? :

    https://www.prorealcode.com/topic/directional-movement/

    https://www.prorealcode.com/topic/direcitional-movement/

    https://www.prorealcode.com/topic/modification-de-code-des-indicateurs-prorealtime/

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ADX Indicator without Wilder smooth


ProBuilder: Indicators & Custom Tools

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carlo81lt @carlo81lt Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
8 years, 4 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 10/04/2017
Status: Active
Attachments: No files
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