ADX_Cross_Hull_Style_v2
Download script
This tool is designed to assist traders by identifying specific momentum shifts in the market. It functions by analyzing two core components of price movement—the upward trend strength (Plus Di) and the downward trend strength (Minus Di)—and highlighting the moments when these forces cross over one another.
How the Logic Works
1. Trend Strength Analysis The script looks at the relationship between buying and selling pressure. Instead of simply looking at current prices, it calculates the intensity of both upward and downward movements over a user-defined period (the "PlusDiMinusDi_Period").
2. The "Hull Style" Smoothing Technique To ensure the signals are more reliable and less prone to "market noise," the tool applies a specific mathematical smoothing logic. It compares current trend values against previous ones using a weighted calculation. By blending data from a shorter lookback period with the standard period, it creates a smoother transition that helps filter out insignificant price fluctuations.
3. Identifying Cross-Over Signals The core objective of this script is to detect "crosses."
- Bullish Signal: When the upward trend strength was previously lower than the downward trend strength but has now moved above it, the script identifies a potential shift toward an upward move.
- Bearish Signal: When the downward trend strength was previously lower than the upward trend strength but has now moved below it, the script identifies a potential shift toward a downward move.
Visual Output on the Chart
Rather than drawing complex lines that might clutter your screen, this tool places clear visual markers (arrows) directly on your price candles:
- Upward Markers: These appear below the candle when a bullish crossover is detected.
- Downward Markers: These appear above the candle when a bearish crossover is detected.
Smart Adjustments
The script includes an automatic "Offset" feature. Depending on the timeframe you are viewing (e.g., 1-minute charts vs. daily charts), the tool automatically adjusts how far away from the candle the arrows are placed. This ensures that the markers remain clearly visible and do not overlap with the actual price action, regardless of which chart style you choose to use.
//+------------------------------------------------------------------+
//| ADX_Cross_Hull_Style.mq4 |
//+------------------------------------------------------------------+
//----
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_color2 Green
//----
extern int PlusDiMinusDi_Period=14;
extern int Applied_Price =0; // 0 Close , 1 Open , 2 High , 3 Low , 4 Median , 5 Typical , 6 Weighted
extern int LineWidth =0;
extern int ShowBars =1000;
//----
double ExtMapBuffer1[];
double ExtMapBuffer2[];
double b4plusdi, b4minusdi, nowplusdi, nowminusdi;
int nShift;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
SetIndexEmptyValue(0,0.00000000);
SetIndexStyle(0, DRAW_ARROW, STYLE_SOLID, LineWidth);
SetIndexArrow(0, 225);
SetIndexBuffer(0, ExtMapBuffer1);
SetIndexLabel(0, "ADX Up mode 0");
//
SetIndexEmptyValue(1,0.00000000);
SetIndexStyle(1, DRAW_ARROW, STYLE_SOLID, LineWidth);
SetIndexArrow(1, 226);
SetIndexBuffer(1, ExtMapBuffer2);
SetIndexLabel(1, "ADX Dn mode 1");
//
IndicatorShortName("ADX_Cross_Hull_Style(" + PlusDiMinusDi_Period + ")");
switch(Period())
{
case 1: nShift=1; break;
case 5: nShift=3; break;
case 15: nShift=5; break;
case 30: nShift=10; break;
case 60: nShift=15; break;
case 240: nShift=20; break;
case 1440: nShift=80; break;
case 10080: nShift=100; break;
case 43200: nShift=200; break;
}
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit,i;
int counted_bars=IndicatorCounted();
if(counted_bars < 0)
return(-1);
if(counted_bars > 0)
counted_bars--;
//----
limit=ShowBars;
//----
if (limit>=Bars) limit=Bars - PlusDiMinusDi_Period;
for(i=0; i<limit; i++)
{
b4plusdi=(iADX(Symbol(),0,MathFloor(PlusDiMinusDi_Period/2),Applied_Price,MODE_PLUSDI,i+1)*2)
- iADX(Symbol(),0,PlusDiMinusDi_Period,Applied_Price,MODE_PLUSDI,i+1);
nowplusdi=(iADX(Symbol(),0,MathFloor(PlusDiMinusDi_Period/2),Applied_Price,MODE_PLUSDI,i)*2)
- iADX(Symbol(),0,PlusDiMinusDi_Period,Applied_Price,MODE_PLUSDI,i);
b4minusdi=(iADX(Symbol(),0,MathFloor(PlusDiMinusDi_Period/2),Applied_Price,MODE_MINUSDI,i+1)*2)
- iADX(Symbol(),0,PlusDiMinusDi_Period,Applied_Price,MODE_MINUSDI,i+1);
nowminusdi=(iADX(Symbol(),0,MathFloor(PlusDiMinusDi_Period/2),Applied_Price,MODE_MINUSDI,i)*2)
- iADX(Symbol(),0,PlusDiMinusDi_Period,Applied_Price,MODE_MINUSDI,i);
if (b4plusdi < b4minusdi && nowplusdi > nowminusdi) { ExtMapBuffer1[i]=Low[i] - nShift*Point; } else { ExtMapBuffer1[i]=0.00000000; }
if (b4plusdi > b4minusdi && nowplusdi < nowminusdi) { ExtMapBuffer2[i]=High[i] + nShift*Point; } else { ExtMapBuffer2[i]=0.00000000; }
}
return(0);
}
//+------------------------------------------------------------------+
Comments