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The Enhanced ADXW

Designed by Welles Wilder for daily commodity charts, the ADXW is now used in various markets by technical traders to assess the strength of a trend or even a trend for short- or long-term trades.

The ADXW uses a positive (DI+) and negative (DI-) directional indicator in addition to its trend line (ADX).

According to Wilder, a trend has strength when the ADX signal is above 25; the trend is weak (or the price has no trend) when the ADX is below 20. The absence of a trend does not mean that the price is not moving. It may not be, but the price may also be making a trend change or too volatile for a clear direction.  

This indicator is considered an "enhanced" ADXW because users have it at their disposal:
  • Indicator Lines: Set colors, Width, Styles, and smoothing mode (for the ADX line).
  • Strong-Level: This is a level used by ADXW to indicate a strong trend when ADX crosses it, but it can also be used to define a "strong entry" even if the trend is not yet defined. We've used the standard "25" in this case, but it can be customized to your asset and timeframe.
  • CROSS and STRONG signals: offers two types of signals based on the ADX and ADXW patterns, one given on the crossing of the DI+/DI- lines (Cross-Signal) and the other based on the DI value being above the "Strong-Level" level detailed above. Both utilize different arrows to indicate the signal the user receives.
  • Noise Filter: Additionally, investors have access to a parameter that filters signals based on the amplitude of the DI+ and DI- lines, allowing for a drastic reduction of noise (false positive signals) in accordance with the usual behavior of the asset. 
  • More Consistent Signals: A common issue with traditional ADX or ADXW is reliance on current candle occurrences, which significantly increases the risk of false positives or sudden trend reversals. The ADXW-E aims to mitigate these occurrences by emitting signals only on closed candles and allowing for the parameterization of the ADX Level and Noise Filter for greater accuracy.
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On-Balance Volume (OBV) is a technical indicator that relates volume and price to identify price movements. The basic idea behind OBV is that changes in volume generally precede price changes. The indicator accumulates volumes for periods when the price closes higher and subtracts volumes for periods when the price closes lower. This results in a value used to identify the direction of the asset's trend. The interpretation of the OBV is simple: a rising OBV suggests that buyers are willing to
In the realm of technical analysis, ParbMA emerges as a highly intuitive tool for examining the Parabolic SAR trend . This innovative approach leverages a customizable line, distinguished by its versatility in color, shape, and width options. Such flexibility enhances visual analysis and significantly aids in strategizing and decision-making. The ParbMA (Parabolic Moving Average) is a custom technical indicator that combines the concepts of J. Welles Wilder's Parabolic SAR (Stop and Reverse)
Slow AMA
David Ben Svaiter
Compared to simple or exponential moving averages, slow adaptive trend lines might offer a more nuanced view of the trend by adjusting their sensitivity based on market conditions. However, their slow nature might also mean they are late in signaling reversals when market conditions change rapidly - and that is the difference between them and our SlowAMA . SlowAMA was designed to be a better long-term trend indicator than EMA and other Moving Averages. It uses our JurMA calculations, reducing
HAshi-E is an enhanced way to analyze Heiken-Ashi signals. Briefing: Heiken-Ashi is particularly valued for its ability to filter out short-term volatility, making it a preferred tool for identifying and following trends, helps in decision-making regarding entry and exit points, and assists in distinguishing between false signals and genuine trend reversals. Unlike traditional candlestick charts, Heiken-Ashi candles are calculated using average values of previous bars, creating a smoother,
How many times have you looked for a PIVOT that works on a specific timeframe every day? Many traders like to estimate the direction of the day's trend based on a specific time interval every day, such as from 2 hours before the NYSE opens to 1 hour after, or from the NYSE opens to 30 minutes after. This indicator allows you to specify a certain time interval (hour and minute) and plots a pivot from that interval to the next day in the same time interval. It shows five lines based on this:
VIDYA Enhanced
David Ben Svaiter
The VIDYA-ENHANCED indicator (Variable Index Dynamic Average) is a technical analysis tool used to identify trends and sideways movements. It dynamically adjusts its sensitivity based on market volatility, using the Chande Momentum Oscillator as a volatility index. This feature allows VIDYA-ENHANCED to be more agile during periods of significant price movements, while remaining more stable during less volatile phases.  Features: - Select the price from 12 options - 5 more than the Metatra
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