This indicator calculates the ADX VMA Line and also create signals at the trend changes.
It has 3 Parameters ; the Period of the ADXVMA, the Period of the ATR and the Sensibility.
The minimum value of the Period of the ADXVMA is 2 and it creates a line tight to price action.
The Sensibility defines the minimum slope of the line needed to print a signal.
We suggest using values in the range from 0 to 1.
Using 0 we set no threshold for the slope, so it will print a signal at the minimum slope change.
The indicator includes plots for long signals, short signals, exit signals and Trend that can be used from Builder, ninjascript and Markers.
The Exit signal is optional and is printed at the moment the slope of the line returns to the threshold level ( defined by Sensibility )
YouTube : pending
RISK DISCLOSURE :
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLOSURE :
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.