This is my own implementation of ADX/DMI indicator for ToS.. still keeps the original approach
- ADX line is allowed to go negative when the trend is down
- we use ExpAverage for calc of DI+/DI- and HullAvg for smoothing
- some visibility enhancement adding color coding to ADX (up, down & Alert)
- improve visibility of Net pressure of price movement (using Addcloud)
Usage is similar to the original ADX: a trend starts above/blow 20 or 30levels (adjustable)
A sell/buy is suggested when the DI lines cross *AND* the ADX line is Cyan or Red
feedback & comments appreciated...
RedK @ Live.com ..... July 2012
Category The Elite Circle
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