TrendHistograms Indicator

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Hi, this is my indicator that i developed myself, it displays the difference between the +DI and the -DI of the Adx indicator and smoothes it, the result with the default values is pretty interesting as you can see here below:

I didn't create it with the goal to make of it a scalper indicator but mostly to give a glance of where the trend is going, i post here below the link to download it:

trendhistograms_1.mq4

I wish you happy trading...

 

Good idea. Thanks

 

if you have a strategy, then that will help too:)

 

Hi,

Seems to be a nice indicator. Which timeframe do you often use it on?

If you can add an Arrow when it crosses UP and DOWN, with alert sound On/Off, it will be more visible to trade.

Have a nice weekend !

James

 

This is great if Some coding expert convert it into MTF Trend Histogram.

Thanks,

anton

 
anton1:
This is great if Some coding expert convert it into MTF Trend Histogram.

Thanks,

anton

anton

That one is equivalent to ADX trend indicators. You can use any of the existing multi time frame ADX indicators and you shall get the same results

 

Hi mladen,

Thanks for your info.

regards,

anton

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