ADX Trigger AM 外汇EA

The indicator is an interpretation of the Average Directional Movement Index (ADX) allowing you to determine if there is a price trend. It was developed by Welles Wilder and described in his book “New concepts in technical trading systems”.

The indicator determines entry points and uses crossing of ADX +/- lines and growth or fall of the main ADX line. When the indicator crosses the zero line, the trend is changed.

• If the oscillator’s value is 1 – the price grows, the trend remains;
• If the oscillator’s value is 0.5 – the price grows, the trend is absent;
• If the oscillator’s value is -1 – the price falls, the trend remains;
• If the oscillator’s value is -0.5 – the price falls, the trend is absent;

The best entry moment is crossing the High/Low of the bar where the indicator has crosses 0.

Settings:

• ADX_Period – ADX period
• ADX_Price – price used to calculate ADX