Support Board
Date/Time: Mon, 25 Nov 2024 04:46:24 +0000
Post From: Alert For ADX Going Same Direction on 3 Different Timeframes
| [2013-12-31 17:01:42] |
| Sawtooth - Posts: 4120 |
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Using higher timeframes for alert/signals can be problematic. The way I'd do it would be to bring the 3min and 5min ADX to the 1min chart using two instances of the Study/Price Overlay study on the 1 min, with Fill Blanks With Last Value on both set to Yes. You may also want to set the Bar Time Matching Method to Containing Match, and Copy Source Data To Latest Corresponding Destination Bar to Yes. Experiment with these 3 settings. Then use the Spreadsheet System/Alert study on the 1 min chart. To determine the slope of the higher timeframe ADXs, I'd use this approach: http://www.sawtoothtrade.com/example-6.html Assuming the following: -The ADX is in column AA -The overlaid 3min ADX is in column AC -The overlaid 5min ADX is in column AE -You've used the Up/Dn method from the link above on the 1 min ADX (for simplicity) in column X -You've used the Up/Dn method from the link above on the 3 min ADX in column Y -You've used the Up/Dn method from the link above on the 5 min ADX in column Z Use this formula in cell K3: =OR(AND(X4="Dn",X3="Up",Y3="Up",Z3="Up"),AND(X3="Up",Y4="Dn",Y3="Up",Z3="Up"),AND(X3="Up",Y3="Up",Z4="Dn",Z3="Up")) This will alert when any of the 3 ADXs change direction to Up and the other 2 are already Up. Date Time Of Last Edit: 2015-08-14 01:49:35
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