cTrader Alternative ADX Indicator free

by ClickAlgo in category Trend at 15/10/2019
Description

This is a variation of the standard Directional Movement System (ADX) indicator which is used to evaluate the trend strength and the calculations are based on a moving average of price range expansion over a given period of time. you will find that with most indicators the default setting is 14 bars, although other time periods can be used. This indicator can be used with most instruments.

 

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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
´╗┐using cAlgo.API;
using System.Windows.Forms;

namespace cAlgo
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.FullAccess)]
    public class ClickAlgoIndicator : Indicator
    {
        [Parameter(DefaultValue = 0.0)]
        public double Parameter { get; set; }

        [Output("Main")]
        public IndicatorDataSeries Result { get; set; }


        protected override void Initialize()
        {
            var ret = MessageBox.Show("It is not possible to download the software from the cTDN website. Would you like to visit us at ClickAlgo.com where you can download it?", "Downloading...", MessageBoxButtons.YesNo, MessageBoxIcon.Information);

            if (ret == DialogResult.Yes)
            {
                System.Diagnostics.Process.Start("https://clickalgo.com/advanced-adx-indicator");
            }
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...
        }

    }
}
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