ADX Crossing v.2.0_v1
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This tool is designed to help traders identify potential momentum shifts in the market by analyzing the relationship between two specific trend indicators: the Plus Directional Index (PLUSDI) and the Minus Directional Index (MINUSDI). Instead of looking at price alone, it monitors how these two forces interact to signal changes in market direction.
How the Logic Works
The script continuously scans recent price data to compare the current strength of upward momentum versus downward momentum. It looks specifically for "crossover" events:
- Bullish Signal (Buy): The tool detects a moment when the upward momentum (PLUSDI) moves from being lower than the downward momentum to being higher. When this crossover occurs, the script identifies a potential shift toward a bullish trend and places a green arrow marker just below the current price candle.
- Bearish Signal (Sell): Conversely, the tool watches for the moment when upward momentum falls below downward momentum. When this happens, it suggests a shift toward a bearish trend and places a red arrow marker just above the current price candle.
Key Features
- Visual Cues: Rather than cluttering your screen with constant lines, the script only provides visual alerts (arrows) at the exact moment the crossover logic is triggered.
- Customizable Lookback: The logic allows you to define how many historical bars the tool should consider for its calculations, ensuring it stays relevant to the timeframe you are trading.
- Audio Alerts: To ensure you don't miss a momentum shift while away from your screen, the script includes an integrated sound notification system. It is programmed to play an alert sound precisely when a new signal is detected.
- Smart Alert Management: The logic includes a "latch" system for the audio. This ensures that the sound only plays once per signal, preventing the alert from repeating continuously on every tick of a single crossover event.
Indicators Used
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ADX Crossing v.2.0_v1
//+------------------------------------------------------------------+
//| ADX Crossing.mq4
//| Amir
//+------------------------------------------------------------------+
#property copyright "Author - Amir"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Lime
#property indicator_color2 Red
//---- input parameters
extern int ADXbars=50;
extern int CountBars=350;
extern bool UseSound = True;
extern string SoundFile = "wait.waw";
//---- buffers
double val1[];
double val2[];
double b4plusdi,nowplusdi,b4minusdi,nowminusdi;
bool SoundBuy = False;
bool SoundSell = False;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
IndicatorBuffers(2);
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,108);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(1,108);
SetIndexBuffer(0,val1);
SetIndexBuffer(1,val2);
//----
return(0);
}
//+------------------------------------------------------------------+
//| AltrTrend_Signal_v2_2 |
//+------------------------------------------------------------------+
int start()
{
if (CountBars>=Bars) CountBars=Bars;
SetIndexDrawBegin(0,Bars-CountBars);
SetIndexDrawBegin(1,Bars-CountBars);
int i,shift,limit,CountedBars = IndicatorCounted();
if (CountedBars < 1)
{
for (i=0; i<=CountBars; i++) {val1[i] = 0.0; val2[i] = 0.0;}
}
if(CountedBars > 0) CountedBars--;
limit = Bars - CountedBars;
for (shift = limit; shift>=0; shift--)
{
b4plusdi=iADX(NULL,0,ADXbars,PRICE_CLOSE,MODE_PLUSDI,shift+1);
nowplusdi=iADX(NULL,0,ADXbars,PRICE_CLOSE,MODE_PLUSDI,shift);
b4minusdi=iADX(NULL,0,ADXbars,PRICE_CLOSE,MODE_MINUSDI,shift+1);
nowminusdi=iADX(NULL,0,ADXbars,PRICE_CLOSE,MODE_MINUSDI,shift);
if (b4plusdi<b4minusdi && nowplusdi>nowminusdi)
{
val1[shift]=Low[shift]-5*Point;
}
if (b4plusdi>b4minusdi && nowplusdi<nowminusdi)
{
val2[shift]=High[shift]+5*Point;
}
}
if (val1[0] != EMPTY_VALUE && val1[0] != 0 && SoundBuy)
{
SoundBuy = False;
if (UseSound) PlaySound (SoundFile);
}
if (!SoundBuy && (val1[0] == EMPTY_VALUE || val1[0] == 0)) SoundBuy = True;
if (val2[0] != EMPTY_VALUE && val2[0] != 0 && SoundSell)
{
SoundSell = False;
if (UseSound) PlaySound (SoundFile);
}
if (!SoundSell && (val2[0] == EMPTY_VALUE || val2[0] == 0)) SoundSell = True;
return(0);
}
//+------------------------------------------------------------------+
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