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Indicator lacks power..
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Old 06-15-2007, 08:38 AM
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Arrow Indicator lacks power..

Infact using this indicator as it is won't be profitable at all!! Because it is giving a signal on every crossing without taking the real ADX into account. Its just using the cross of the +DI and -DI lines to give signals. This indicator needs a little mod to make it more reliable.

We need a coder who have to add a feature to this indicator so that it also takes the ADX line into account because the true power of the ADX indicator is that line as it shows the power and strengh of the trend.

E.G if +DI is over -DI and ADX is above 25, then show a blue dot as we have an uptrend. This will reduces the number of dots greatly because currently,we can think we are seeing more dots than candles

Any coder out there, plz mod this. Scorp, if you read this, help us out

Regards

Quote:
Originally Posted by remcous View Post
Hello !

Thank for your reply... Do you think the indicator is bad, or just an EA derived from it ?

Thank !
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