Indicator Multi timeframe ADX indicator

Buy Multi timeframe ADX indicator customer indicator in the store selling algo trading systems

Advanced ADX indi­ca­tor that allows oper­at­ing on many time­frames simul­ta­ne­ous­ly!

Unique indi­ca­tor with the abil­i­ty to dis­play ADX charts not only on the cur­rent time­frame, but also on high­er ones. The exam­ple attached shows how it is pos­si­ble to see 3 ADX chart on M5, M15 and M30 time­frames respec­tive­ly. This func­tion­al­i­ty allows to sig­nif­i­cant­ly improve the accu­ra­cy of deter­min­ing the trend.

The Time­frame Delta para­me­ter spec­i­fies how much the indicatorâ„¢s time­frame should be dif­fer­ent from the time­frame of the cur­rent chart. For exam­ple, if the cur­rent TF = M15, then the fol­low­ing options are avail­able:

  • If time­frame delta = 0, the indi­ca­tor will draw using TF = M15
  • If time­frame delta = 1, the indi­ca­tor will draw using TF = M30
  • If time­frame delta = 2, the indi­ca­tor will draw using TF = H1
  • And so on …

The max­i­mum peri­od that can be used by the indi­ca­tor is 1 month.

Apart from such stan­dard para­me­ters as a peri­od the indi­ca­tor also tries to iden­ti­fy the exis­tence and the direc­tion of the trend using cur­rent and high­er time­frames simul­ta­ne­ous­ly. The user spec­i­fies the loca­tion of the text on the chart.

The indi­ca­tor also pro­vides the abil­i­ty to cus­tomize dis­play of lev­els, as well as col­ors of the lines. By default, the fol­low­ing val­ues are used:

  • Green line: + DI
  • Red line: ‑DI
  • Yel­low line: ADX

Please con­tact the author in case if any changes or enhance­ments are required.

Multi timeframe ADX indicator 

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