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Average Directional Index (ADX) Trading System for Metastock
Appenta
about 7 years ago
Metastock

Rating:
5 / 5 (Votes 1)
Tags:
metastock, trading system

This is a trading system based on the ADX indicator. The buy and sell conditions are very simple. The trading system indicates long when the Plus Directional Indicator (+DI) is greater then the Minus Directional Indicator (-DI) and the current days ADX is greater then the previous days ADX. The system indicates sell when the +DI is less then the -DI and the current days ADX is less then the previous days ADX.

Indicator / Formula

Copy & Paste Friendly
{Open Long:}

PDI(opt1) > MDI(opt1) AND ADX(opt1) >Ref(ADX(opt1),-1)


{Close Long:}

PDI(opt1) < MDI(opt1) AND ADX(opt1) <Ref(ADX(opt1),-1)


{Open Short:}

PDI(opt1) < MDI(opt1) AND ADX(opt1) <Ref(ADX(opt1),-1)


{Close Short:}

PDI(opt1) > MDI(opt1) AND ADX(opt1) >Ref(ADX(opt1),-1)

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