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Thanks Perry for your prompt clarification. Great news that we can avoid most choppiness with the ADX/DM indicator on Panel 4. We may even become fortune-tellers when we can forecast Top/Bottom .. haha ..
I'm thrilled to have the last missing piece in good order (now my chart matches yours 100%) .. Thank You .. Thank You!
Beth
Can you help answer these questions from other members on NexusFi?
Please add the following indicator in place of the DM indicator. The attached indicator is called DMplus, and it adds a little box in the top left hand corner which says, "TRADE" or "NO TRADE", based on previous explanations of how to use the ADX.
Thanks to both you and eDanny for this enhancement... though I did move the alert box to the top right on my chart, next to price and just widened the right margin a tad so it will never run into the price bars or the jtRangeMarker. Thanks for keeping the little enhancements and info about the method coming.
Sure.. go to Control Center>Tools>Edit Ninjascript>Indicator... scroll over to DMPlus.. double left-click it.. then, when it opens up.. scroll all the way down to lines 103 and 105 and where it says TextPosition.TopLeft .. change those to TextPosition.TopRight... then left click on the compile icon on top (just to the right of the binoculars icon) and after it says "Indicator Generated" you can X out of all that and then go back to your chart, right click on the chart, scroll down to Reload Ninjascript, left click that once and when the screen redraws you can then exit back to your chart and your alert box should be on the top right. I use a right margin of 90... in order to avoid any conflict with it running too close to current price and the jtRangeMarker...
Here is an even more updated version where I have added the possiblity of "End Trend" when the ADX is ABOVE BOTH +DI and -DI as explained in my previous post.
WARNING: This does not mean it is final, it is only a warning sign. Watch the ADX to see when it starts turning DOWN, this should be the turning point. We could still contnue with the trend, but it is a good place to take profits.
Here is a lovely example from today of the 6J (Japanese / $) with the new "END TREND". We can first a change in direction - take profit area, then a further entry to the final end of trend. See how the ADX goes ABOVE both the DI and then eventually turns down. A perfect example.
The BLUE indicator showing "END TREND" is now automatic whenever the occurence of ADX is ABOVE BOTH +DI and -DI