ADXm (Experimental) - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Several versions of this indicator already exist in the code base. Some versions can be found at the following links:
One of the minor (possible) problems with ADXm, as seen from the released versions, is that it (in the era of range markets) tends to be "tight". Some smoothing versions were made to solve this problem, and this version does it too, but in an unexpected way: by applying the ADXm calculation to itself, rather than using some traditional smoothing method. The results appear to be available, so the metrics are posted here
suggestion:
Attachment download
📎 adxm_jexperiment1.mq5 (11.12 KB)
Source: MQL5 #39022
ADXm (experimental) - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
ADXm (experimental) - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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