Fantastic thread. Especially I am wondering how Alien decided to use 7 period ADX, which is my favorite. By the way, default ADX indicator in MT4 is different from original Wilder's version. It's a modified one. MT5 provides both modified and Wilder's versions. Other brokers such as Dukascopy may also use Wilder's ADX. Personally, I prefer Wilder's version. For details, read:
http://www.mql5.com/en/forum/1568
http://www.strategyquant.com/forum/t...vs-adx-wilder/
http://www.bestfxtradingsystems.com/...mt4-indicator/
Happy trading!
http://www.mql5.com/en/forum/1568
http://www.strategyquant.com/forum/t...vs-adx-wilder/
http://www.bestfxtradingsystems.com/...mt4-indicator/
Happy trading!
Simplicity is the ultimate sophistication - Leonardo da Vinci