ADMI Arrow Indicator: Everything is brilliantly simple
ADMI arrow indicator written by a forexsystemsru.com forum user with the nickname Crossluck and based on ADX indicator with filtered signals using a moving average.
The strength of the trend is indicated in numbers:
- 0 is a weak trend;
- 20 is an average trend;
- 40 is a strong trend.
The moving average filters signals according to two conditions at once:
- tilt in 2 bars;
- the price is above or below the moving average.
The author argues that ADMI arrow indicator gives signals at the beginning of a candle, but sometimes there are delays up to half a bar. You can discuss this and other indicators of the author in on this topic.
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