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Favorite Futures: Index,Currency and Energy futures
Posts: 1,701 since Jan 2010
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Glad to see that you like ADX. I use it all the time. Did the ADX paint the price bars ? If so, how did you do it. I beleive I am using the JEFFADX but there is no repaint bars. Also the little arrows, where are they coming from
No, the ADX did not paint the price bars......there is no paint bar study on the last chart that I posted. I don't think that would be possible as the ADX is not a directional indicator. The "little arrows" were drawn for illustrative purposes to show the connection of price and the ADX indicator.
If you can show directional movement using the ADX that would be great. I had been told by a programmer that in order to paint a directional arrow that the ADX would have to be tied to a momentum indicator of some sort.