Here is a variation of my favorite indicator.
code based on Gabri ADX:
- the regular ADX (smoothed)
- A non smoothed ADX (ie almost no lag): the idea is to use it as a cycle oscillator to confirm the strength of the trend when the regular ADX and the non smoothed ADX goes the same way (ie cycle convergence).
- The non smoothed ADX is faster than the regular ADX : it will show each change in the strength way before the regular ADX.
- OB and OS level of the non smoothed ADX can also be useful…
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period=14 mm=3 //computation of Directional Movement indicators up=high-high[1] dw=low[1]-low if up>dw and up>=0 then plusdm=up else plusdm=0 endif if dw>up and dw>=0 then mindm=dw else mindm=0 endif //computation of TR mioTR=max(abs(high-close[1]),max(abs(low-close[1]),range)) mioATR=average[period,MM](mioTR) //computation of DI dip=100*average[period,MM](plusdm)/mioATR dim=100*average[period,MM](mindm)/mioATR //computation of smoothed ADX & non smoothed ADX mioADXn=100*average[period,MM](abs(dip-dim)/(dip+dim)) mioADXnonSmoothed=100*(abs(dip-dim)/(dip+dim)) //return of data return mioadxn as "ADX Normal",20 as "20",mioADXnonSmoothed as "ADX Fast",0 as "Zero reversal",50 as "50 Reversal" |
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I’ve always wondered how to make the ADX faster, thank you!
You welcome !
Another variation that may be more accurate : we calculate the average of normalized DI’s instead of normalizing the average…
period=14
mm=3
//computation of Directional Movement indicators
up=high-high[1]
dw=low[1]-low
if up>dw and up>=0 then
plusdm=up/tr(close)
else
plusdm=0
endif
if dw>up and dw>=0 then
mindm=dw/tr(close)
else
mindm=0
endif
//computation of DI
dip=100*average[period,MM](plusdm)
dim=100*average[period,MM](mindm)
//computation of smoothed ADX & non smoothed ADX
mioADXn=100*average[period,MM](abs(dip-dim)/(dip+dim))
mioADXnonSmoothed=100*(abs(dip-dim)/(dip+dim))
//return of data
return mioadxn as “ADX Normal”,20 as “20”,mioADXnonSmoothed as “ADX Fast”,0 as “Zero reversal”,50 as “50 Reversal”