ADX filter: BUY when +DI <= 5 / SELL when -DI <= 5

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Ezequiel Bessone
  • updated
  • Completed

Hello, a couple of weeks ago I started with the tests of the expert that seems very, very interesting. One of my strategies that combined with other oscillators and chart patterns or pivots, is to use the ADX which I think would be very useful. Mainly to see when di + or di- touch the level 5 so that the price has a correction towards an average that could be an example of 50 (EMA) and resume the trend. it would also be interesting to be able to add one more pair of moving averages. Cheers

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1
Andrey Khatimlianskyi
Quote from nigel faria

It would be good to stop trading during a ranging market ie when the ADX <20

I've separated your idea into new topic -- https://communitypowerea.userecho.com/communities/1/topics/713-adx-filter-improvement

Please, vote.

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nigel faria

It would be good to stop trading during a ranging market ie when the ADX <20

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2
Ulises Cune

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2
Andrey Khatimlianskyi
  • Completed

Done in 2.45 — https://t.me/CommunityPowerNews/7

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1
Andrey Khatimlianskyi
  • Started
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Andrey Khatimlianskyi
Quote from Ulises Cune

Add something else. When ADX is > 40, for example, the trend is stronger, then with DMI+/DMI- the direction of the trend is detected

Image 2099

Buy when:

  • ADX > 40
  • +DMI crosses up -DMI

Sell when:

  • ADX > 40
  • +DMI crosses down -DMI

https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp

Accepted.

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2
Ulises Cune

Add something else. When ADX is > 40, for example, the trend is stronger, then with DMI+/DMI- the direction of the trend is detected

Image 2099

Buy when:

  • ADX > 40
  • +DMI crosses up -DMI

Sell when:

  • ADX > 40
  • +DMI crosses down -DMI

https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp

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Andrey Khatimlianskyi
  • Planned (collecting votes)

It is not an Oscillator, but Trend detector )

Approved via PM:

ADX should allow BUYs when +DI <= 5 and allow SELLs when -DI <= 5

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Kishan Bhatt

This new oscillator would be interesting to test against the others like cci and stochastic. Currently, I don't think it's included in the oscillator set that we use. 

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Sai Pratap

Can you please share the set file you used for testing, so that can help us to improve it further.