ADX Candles AM

This indicator colors candles in accordance with the anticipated price movement. The analysis is based on classical ADX data.

• If the line is above DMI + and DMI- line main ADX line is rising - colored candle color that signals the growth of prices;


• If the line is below DMI + and DMI- line main ADX line is rising - the candle is colored color signals the prices fall.

The LED on the fully formed candlelight is not redrawn. Candle is formed can change color depending on the current data. Thus for a decision should wait for completion of formation of the spark. The confirmation signal is to overcome the maximum or minimum cost fully formed candle painted in the appropriate color. At the same time the previous candle should have a neutral or opposite color.

settings

• IndBarsCount (>-1) - the number of candles on which indicator is displayed;


• ADX_Period (>0) - ADX period used to calculate the indicator;


• ADX_Price (0-6) - the price used for the calculation.

Other indicators Series Candles you can find some of my works. Comments and suggestions are welcome.

Video