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Need a new DMI indicator

  • #1
  • First Post: Jan 28, 2007 12:30am Jan 28, 2007 12:30am
Hello: I am using the ADMI "Average Directional Moving Index" that came standard with MT4. It doesn't appear to be working correctly since I have used many other well known platforms and even put the indictors side by side. It appears the DM+ and DM- envelopes are just too shallow. The ADX line should tend to cross IN BETWEEN the two DM's. This indicator has the ADX values too high and riding on top.
The typical settings are defaulted to 14. If I change the periods to 30 the indicator seems to look more normal. Does anybody know what I am talking about? Does anyone have a normal "DMI" indicator they can share?

Thanks
  • #2
  • Jan 28, 2007 8:13pm Jan 28, 2007 8:13pm
This is close to the real ADX.

Regards,
Matsu
Attached File(s)
File Type: mq4 ADXr.mq4   3 KB | 1,390 downloads
  • #3
  • Jan 29, 2007 1:30am Jan 29, 2007 1:30am
Thank you for the indictaor but unfortunately it didn't perform 100%. It looked ok at first but later I saw where the indicator wouldn't show up on certain timeframes.

Any ideas?

Quoting Matsu
This is close to the real ADX.

Regards,
Matsu
  • #4
  • Jan 29, 2007 8:15am Jan 29, 2007 8:15am
Quoting steinitz
Thank you for the indictaor but unfortunately it didn't perform 100%. It looked ok at first but later I saw where the indicator wouldn't show up on certain timeframes.

Any ideas?

Sorry I forgot to mention about this problem.

On any timeframe other than M5 (perhaps M1 too, but I didn't try), if you add more data to the chart the indicator would appear. You can do this by pressing the 'Home' key, followed by clicking on your chart and dragging it to your right, or you can use the scroll wheel on your mouse, or the arrow key.

As for M5 timeframe, sometimes it appears, other times it just disappears. I don't know why. But it does not bother me.

Hope this helps.

Matsu
  • #5
  • Jan 30, 2007 11:06am Jan 30, 2007 11:06am
Ok I tried that but it didn't work for me. I will suggest that you try using the ADMI that is under the standard indicators folder and change the period to 30. This actually mimicks pretty well what I have seen before in the good ol DMI set at 14. Plus it never disappears.

Best!

Quoting Matsu
Sorry I forgot to mention about this problem.

On any timeframe other than M5 (perhaps M1 too, but I didn't try), if you add more data to the chart the indicator would appear. You can do this by pressing the 'Home' key, followed by clicking on your chart and dragging it to your right, or you can use the scroll wheel on your mouse, or the arrow key.

As for M5 timeframe, sometimes it appears, other times it just disappears. I don't know why. But it does not bother me.

Hope this helps.

Matsu
  • #6
  • Jan 30, 2007 8:09pm Jan 30, 2007 8:09pm
Quoting steinitz
Ok I tried that but it didn't work for me. I will suggest that you try using the ADMI that is under the standard indicators folder and change the period to 30. This actually mimicks pretty well what I have seen before in the good ol DMI set at 14. Plus it never disappears.

Best!

Thanks. I still prefer the custom version.

Matsu
  • #7
  • Last Post: Dec 25, 2015 7:02am Dec 25, 2015 7:02am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Hi, matsu, do you continue using that indicator? If not, will you please attach the one you use succesfully? Thanks and Merry Christmas from spain!
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