dreamy Posted January 25, 2010 Report Share Posted January 25, 2010 Hi :) (This is not any premium or official indicator. Just a small indicator I created to visualize important ADX levels) This is for ADX fans only!! =D> I love ADX and my trading strategy requires viewing the ADX main line value constantly. I have tried to make something extracted from main adx but more colorful and visualized to show some trend status by color. Download: http://www.multiupload.com/3V5T18W8LU Install: Put in /experts/indicators/ in your MetaTrader program folder then load it to your template! It shows small dots that represent ADX value in colorful mode. How to read this indicator? - White = Trendless market, no direction at all (rarely occurs) - DarkGray = Ranging/consolidating market - LimeGreen = A trend is developing or has formed in market - Green = A strong/rising trend either up or down - Gold = A very strong trend usually means early warnings of retracement or pullback coming - DarkOrange = Exhausted/overextended trend - wait for retracement/reversal to occur - Red or FireBrick = Rarely occur but will occur in very long bull or bear run (Very very extended move) Ok how can this useless crap help you? You should find out. You can use the Gold/Orange/Red signals to lock in profits then re-ride the trend at better entry. You can trade retracements/reversals if you can confirm them. So I think you can use such visualized indicator for example; to avoid trading with strategies that require trending market (e.g. When it's white/silver) or to lock in profits from your trade (when it's Gold or Darkorange/Red)..and the most risky method is to trade bounces in overextended markets. (They are most of the time profit taking rather than reversals) Another use is to know when prices are rising in uptrend for example, but adx is falling which shows that trend is losing momentum. \m/ Chart: http://img191.imageshack.us/img191/4545/31314148.gif dbg and Raven 2 Quote Link to comment Share on other sites More sharing options...
chetachukwu Posted January 25, 2010 Report Share Posted January 25, 2010 Re: Trend Status Indicator I love ADX. @dreamy, you've done a great work. but Vladv is right, post the adx system u talked about, it may help some newbies like me.... you know am a newbie :D Quote Link to comment Share on other sites More sharing options...
te-foder Posted January 25, 2010 Report Share Posted January 25, 2010 Re: Trend Status Indicator the link doesnt work Quote Link to comment Share on other sites More sharing options...
dreamy Posted January 25, 2010 Author Report Share Posted January 25, 2010 Re: Trend Status Indicator I am planning to post my complete system very soon please be patient because I am compiling things :) I just try to tweak it into arrow signals on chart when conditions meet. Please wait ;) Ah the link is working, I just confirmed that :)>- Quote Link to comment Share on other sites More sharing options...
te-foder Posted January 25, 2010 Report Share Posted January 25, 2010 Re: Trend Status Indicator thanks yarman, the old link is now working, i think it was still processing the uploads to the sharing sites :D great indicator this adx is really good by seeing in that way, great sharing Quote Link to comment Share on other sites More sharing options...
ms119 Posted January 28, 2010 Report Share Posted January 28, 2010 Re: Trend Status Indicator Please share your system! This indicator looks very promising! \m/ Quote Link to comment Share on other sites More sharing options...
deadsoul Posted January 28, 2010 Report Share Posted January 28, 2010 Re: Trend Status Indicator well...here its...enjoy. from the first look the indicator is very accurate in catching the turning points ...if its not repaint...but we have to try to read it more and watch it more to get the best of it...kudos for you.... #property indicator_separate_window #property indicator_minimum -1 #property indicator_maximum 1 #property indicator_buffers 8 double buf0[]; double buf1[]; double buf2[]; double buf3[]; double buf4[]; double buf5[]; double buf6[]; double buf7[]; double val[]; int init() { SetIndexBuffer(0, buf0); SetIndexStyle(0, DRAW_ARROW, STYLE_SOLID, 0, White); SetIndexArrow(0, 108); SetIndexBuffer(1, buf1); SetIndexStyle(1, DRAW_ARROW, STYLE_SOLID, 0, DarkGray); SetIndexArrow(1, 108); SetIndexBuffer(2, buf2); SetIndexStyle(2, DRAW_ARROW, STYLE_SOLID, 0, LimeGreen); SetIndexArrow(2, 108); SetIndexBuffer(3, buf3); SetIndexStyle(3, DRAW_ARROW, STYLE_SOLID, 0, Green); SetIndexArrow(3, 108); SetIndexBuffer(4, buf4); SetIndexStyle(4, DRAW_ARROW, STYLE_SOLID, 0, Gold); SetIndexArrow(4, 108); SetIndexBuffer(5, buf5); SetIndexStyle(5, DRAW_ARROW, STYLE_SOLID, 0, DarkOrange); SetIndexArrow(5, 108); SetIndexBuffer(6, buf6); SetIndexStyle(6, DRAW_ARROW, STYLE_SOLID, 0, Red); SetIndexArrow(6, 108); SetIndexBuffer(7, buf7); SetIndexStyle(7, DRAW_ARROW, STYLE_SOLID, 0, FireBrick); SetIndexArrow(7, 108); return (0); } int deinit() { return (0); } int start() { int i; ArrayResize(val,Bars); for(i = 0; i < Bars ; i++) { val[i] = iADX(Symbol(), 0, 14, PRICE_CLOSE, MODE_MAIN, i); } for(i = Bars-3; i >= 0 ; i--) { buf0[i] = EMPTY_VALUE; buf1[i] = EMPTY_VALUE; buf2[i] = EMPTY_VALUE; buf3[i] = EMPTY_VALUE; buf4[i] = EMPTY_VALUE; buf5[i] = EMPTY_VALUE; buf6[i] = EMPTY_VALUE; buf7[i] = EMPTY_VALUE; if (val[i] >= 0) buf0[i] = 0; if (val[i] >= 15) buf1[i] = 0; if (val[i] >= 25) buf2[i] = 0; if (val[i] >= 40) buf3[i] = 0; if (val[i] >= 50) buf4[i] = 0; if (val[i] >= 60) buf5[i] = 0; if (val[i] >= 70) buf6[i] = 0; if (val[i] >= 80) buf7[i] = 0; } return (0); } Quote Link to comment Share on other sites More sharing options...
dreamy Posted January 28, 2010 Author Report Share Posted January 28, 2010 Re: Trend Status Indicator It does not repaint because its simply based on the famous ADX indicator. It shows you extreme levels and ranging levels in a simple, visualized way instead of analyzing the ADX line. Good luck! :) Quote Link to comment Share on other sites More sharing options...
cdavis5766 Posted January 29, 2010 Report Share Posted January 29, 2010 Re: Trend Status Indicator can you add an alert to this indicator Quote Link to comment Share on other sites More sharing options...
et_phonehome_2 Posted January 31, 2010 Report Share Posted January 31, 2010 Re: Trend Status Indicator Can someone add a legend on the screen for the color scheme? Quote Link to comment Share on other sites More sharing options...
mr_grow Posted February 1, 2010 Report Share Posted February 1, 2010 Re: Trend Status Indicator Dude, if it don´t repaint... it´s awesome! I will use it, i think it can be much better than that Damiani meter. 8-) Quote Link to comment Share on other sites More sharing options...
FXExpert1713006182 Posted February 11, 2010 Report Share Posted February 11, 2010 Re: Trend Status Indicator Please could someone post the ex4 file in here I'm having problems for putting it togheter Quote Link to comment Share on other sites More sharing options...
fscrp Posted February 11, 2010 Report Share Posted February 11, 2010 Re: Trend Status Indicator Please could someone post the ex4 file in here I'm having problems for putting it togheter Here you go my friend: http://slil.ru/28633900 Quote Link to comment Share on other sites More sharing options...
paws Posted February 12, 2010 Report Share Posted February 12, 2010 Re: Trend Status Indicator An excellent indi dreamy - Thanks for you hard work and sharing! ^:)^ Quote Link to comment Share on other sites More sharing options...
camisa Posted February 12, 2010 Report Share Posted February 12, 2010 Re: Trend Status Indicator it would be nice to have an audio alert for yellow dots Quote Link to comment Share on other sites More sharing options...
cubicrey Posted February 13, 2010 Report Share Posted February 13, 2010 Re: Trend Status Indicator I am planning to post my complete system very soon please be patient because I am compiling things :) I just try to tweak it into arrow signals on chart when conditions meet. Please wait ;) Ah the link is working, I just confirmed that :)>- Hi dreamy, I'm really interested to know about your system with this premium ADX ind. Hope to learn about it from you soon. cheers, :) Quote Link to comment Share on other sites More sharing options...
clovelly Posted February 13, 2010 Report Share Posted February 13, 2010 Re: Trend Status Indicator dreamy, i sent you a PM Quote Link to comment Share on other sites More sharing options...
vladv Posted May 26, 2011 Report Share Posted May 26, 2011 Please share the full ADX system,dreamy!Thanks. Quote Link to comment Share on other sites More sharing options...
hermes Posted May 26, 2011 Report Share Posted May 26, 2011 No one link works! Too much rust, needs grease? Hermes Quote Link to comment Share on other sites More sharing options...
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