ADX System Overview

So I Came Across Another Trading System for Only $997. However, if you purchased in the next 24hours the whole system could be Yours For Only $497.

So I decided to Code it. This is only Version 1, and I discuss in the Video What I’ve found so for, some plans for Version 2 of the indicator, and I ask for your feedback on anything you find.

Indicators used in System:
CM_DI_Plus_Minus_V1 (Indicator On Bottom).
CM_ADX_V1 (Indicator On 2nd Pane).
CM_Gann_Swing_Hi_Lo (Indicator on Price Pane). This Indicator was published before…Link Below.


In Video I go over settings and how to customize charts.

Link To Video:

Link To Downloadable PDF Shown in Video:
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede agregar este script a sus favoritos y usarlo en el gráfico.

¿Quiere utilizar este script en un gráfico?
//Created By Chris Moody on 11-18-2014
//Designed to go with ADX Trading System.
//Video Overview Explaining Setup
study(title="CM_ADX_V1", shorttitle="CM_ADX_V1")
len = input(14, minval=1, title="DI Length")
lensig = input(14, title="ADX Smoothing", minval=1, maxval=50)

up = change(high)
down = -change(low)
trur = rma(tr, len)

plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, len) / trur)
minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, len) / trur)

sum = plus + minus 
adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), lensig)

col = adx <= 10 ? gray : adx > 10 and adx <= 20 ? aqua : adx > 20 and adx <= 40 ? green : adx > 40 ? orange : yellow

//plot(plus, color=lime, title="+DI", style=line, linewidth=3)
//plot(minus, color=red, title="-DI", style=line, linewidth=3)
plot(adx, color=col, title="ADX", style=columns)
plot(0, title="0 Line", style=line, linewidth=3, color=gray)
plot(0, title="0 Line", style=circles, linewidth=3, color=gray)
plot(10, title="10 Line", style=line, linewidth=3, color=aqua)
plot(10, title="10 Line", style=circles, linewidth=3, color=aqua)
plot(20, title="20 Line", style=line, linewidth=3, color=green)
plot(20, title="20 Line", style=circles, linewidth=3, color=green)
plot(40, title="10 Line", style=line, linewidth=3, color=orange)
plot(40, title="10 Line", style=circles, linewidth=3, color=orange)