ADX and Adaptive Moving Average Combination Indicator »

ADX and Moving Average Combination Indicator

Summary

The ADX - MA indicator was originally designed by Daniel Chesler. This indicator is designed to be used in combination with other indicators, as is typical of most indicators

Screen Shots

Usage

The ADX/Moving Average Combination Indicator is a simple indicator based on the average directional movement indicator (ADX) and a moving average calculation. This indicator will give both a visual and an audio alert when there is a decrease in the ADX below a specified level, which is defaulted to 15.