ADX reset at time XX

tattby · 2021-04-19T19:08:16+00:00

Hello, I’m trying to recode the ADX indicator a little bit. I would like to reset the ADX value at a specific time. E.g. once ADX value hits 80 then reset it to zero in order to follow a new strength trend at opposite direction. Any ideas? IF currenttime = XX then plusDM = max(high-high[1], 0) minusDM = max(low[1]-low, 0) IF plusDM > minusDM THEN minusDM = 0 ENDIF IF plusDM < minusDM THEN plusDM = 0 ENDIF IF plusDM = minusDM THEN plusDM = 0 minusDM = 0 ENDIF REM Let's compute the directional indicators plusDI = wilderAverage[p](plusDM) minusDI = wilderAverage[p](minusDM) REM Let's compute the ADX indicator DX = ABS(plusDI - minusDI) / (plusDI + minusDI) * 100 myADX = wilderAverage[p](DX) RETURN myADX as "ADX"

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04/19/2021 at 8:08 PM #167548 quote
tattby
Participant

Average
Hello,
I’m trying to recode the ADX indicator a little bit.
I would like to reset the ADX value at a specific time.
E.g. once ADX value hits 80 then reset it to zero in order to follow a new strength trend at opposite direction.
Any ideas?
```
IF currenttime = XX then



plusDM = max(high-high[1], 0)
minusDM = max(low[1]-low, 0)

IF plusDM > minusDM THEN
minusDM = 0
ENDIF

IF plusDM < minusDM THEN
plusDM = 0
ENDIF

IF plusDM = minusDM THEN
plusDM = 0
minusDM = 0
ENDIF

REM Let's compute the directional indicators

plusDI = wilderAverage[p](plusDM)
minusDI = wilderAverage[p](minusDM)

REM Let's compute the ADX indicator

DX = ABS(plusDI - minusDI) / (plusDI + minusDI) * 100
myADX = wilderAverage[p](DX)

RETURN  myADX as "ADX"
```
07/05/2021 at 4:36 PM #173180 quote

robertogozzi
Moderator

Legend

It’s not possible to reset ADX, as it recalculates itself candle after candle according to what happened in the last N periods, like MA’s, Macd, etc…
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