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Hello I am wanting a very simple indicator made. Its based on the STANDARD MT5 ADX and ADXW.. Basically it should show on screen ARROWS for buy and sell. These arrows should also be available as BUY/ SELL buffers.
Basically its very simple and gives me some idea of market direction for the short term.
System:
BUY ARROW
1-If BUY is above SELL then this is first stage of the ARROW for a BUY ARROW.
2- If momentum line has increased since last candle then this is the last stage of the ARROW confirmation.
SELL ARROW
1-If SELL is above BUY then this is first stage of the ARROW for a SELL ARROW.
2- If momentum line has increased since last candle then this is the last stage of the ARROW confirmation.
All ARROWS should continue to be printed under candle till the momentum line has changed and has gone down since last candle.
INPUTS:
VERIABLES VALUES
INDICATOR ADX
ADXW
BARS TO SHOW BACK 1000
CANDLE ARROW TYPE OPEN
CLOSED
Bewerbungen
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23
10%
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0
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2
8%
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84
8%
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4
1%
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