ADX filter improvement
It would be good to stop trading during a ranging market ie when the ADX <20
Duplicates 1
Value options MACD & ADX
Replies 11
yes i need this too...
was gonna make topic about it, glad to see someone already did
We already have signals for +DI/-DI lines above/below the levels:
It can also be used with Reverse = True.
As for Growing bars: yes, it can be implemented.
"We already have signals for +DI/-DI lines above/below the levels:"
Well yes but when using this filter:
Buy on +DI <= level / Sell on -DI <= level with reverse it looks like this:
Sell on +DI <= level / Buy on -DI <= level
But what i would like to use is:
Buy on +DI >= level / Sell on -DI >= level
It would probably be even better if it is done the following way:
Buy on +DI cross up level / Sell on -DI cross up level
Also this would be really helpful to enter an trade when trend starts going:
Buy on ADX cross up level
"In reverse mode it will work as ADX > level."
This is exactly what i'm looking for.
Also an slight alteration of the ADX rule.
From: +DI <= level / Sell on -DI <= level
To: +DI >= level / Sell on -DI >= level
... as this can't be achieved by using reverse mode.
Also another completely new suggestion:
Implement a filter that checks if ADX has been rising the last x bars.
E.g.: If price >|< ema200 && adx = rising(last 5 bars) --> buy
We already have signals for +DI/-DI lines above/below the levels:
It can also be used with Reverse = True.
As for Growing bars: yes, it can be implemented.
I've also merged another topic into this, they are similar.
So, we need another ADX filter mode: ADX < level and new parameter -- ADX_Level.
In reverse mode it will work as ADX > level.
Let's vote.
"In reverse mode it will work as ADX > level."
This is exactly what i'm looking for.
Also an slight alteration of the ADX rule.
From: +DI <= level / Sell on -DI <= level
To: +DI >= level / Sell on -DI >= level
... as this can't be achieved by using reverse mode.
Also another completely new suggestion:
Implement a filter that checks if ADX has been rising the last x bars.
E.g.: If price >|< ema200 && adx = rising(last 5 bars) --> buy
MACD has very different values for different assets/timeframes.
Why not to use it with ">/< Signal line" mode with long signal period?
could use it, the other way around. To set it that it only trades in ranging markets
I've also merged another topic into this, they are similar.
So, we need another ADX filter mode: ADX < level and new parameter -- ADX_Level.
In reverse mode it will work as ADX > level.
Let's vote.
Hi Andrey
Can we add Value filter for MACD and ADX?
ADX:
Filter Type:
ADX cross up value
ADX cross down value
ADX above value
ADX below value
New Fields
Level UP
Level Down (-999 - calc automaticlly)
MACD
Filter Type:
main line cross up value
main line cross down value
signal line cross up value
signal line cross down value
main line above value
main line below value
signal line above value
signal line below value
New Fields
Level UP
Level Down (-999 - calc automaticlly)
Br Patrick