==日本語説明も併記 // Japanese discription is following ==
■ Momentum index (Smoothed ADX triple display) ■ Effective assets: All
■Example of utilization 1) Trend generation is assumed at the timing when at least two lines including the blue thick line (14) are raised 2) Confirm the candlestick and if the price jumps out of the Bollinger band ± 1 σ, the trend toward that direction and recognition 3) If the closing price is confirmed within ± 1σ of the Bollinger band, close the position
■ Detailed explanation Three Smoothed ADX with different parameters are displayed at the same time. As known as ADX included in DMI, it shows the strength of the trend. It develops color in an upward phase to make it easy to recognize strengthening and weakening trends, and fades in a downward phase.
In addition, in accordance with the method of Wilder of the inventor in the calculation of ADX, a modified moving average (Smoothed Moving Average) is used instead of SMA.
Daily use is basic, but you can use it with the same parameters for other time feet.
The basic parameter (14) is set to a thick blue line for the most visibility. Long-term parameters (52 * 26 is also acceptable) are indicated by blue circles as an auxiliary element for judging the rising margin of the basic line. The short-term parameter (7) is displayed as a line as an auxiliary element for recognizing the peak out of the basic line in advance.
In some cases, changing the short term (7) to the very long term (100) allows you to recognize the major market price level once in several years.
Three periods The phrase "all lines" goes from "low position" to "rising together" is considered the strongest trend. On the other hand, in the case where the short-term line rises backwards as the longer-term line goes down, it tends to end up with short-lived trends and failure to form trends.
Please note that there is no way to judge whether the trend suggested by this index rises or falls from this index, so it is necessary to confirm the main chart. (It is preferable to display parabolic SAR or Bollinger band)
■ Remarks It is an index created assuming that it is used as Triple STD-ADX in combination with Triple Smoothed ADX(to be posted later).
■ About Triple STD-ADX Triple Standard Deviation "and" Triple Smoothed ADX "are superimposed and displayed as" Screen (without scale) "to function as" Triple STD - ADX ".
The method of utilization is the same as Triple Standard Deviation and Triple Smoothed ADX, but by simultaneously displaying two momentum indicators with different calculation approaches with multiple parameters, we aim to mutually complement the cognitive power of trends.
STD (13, 26, 52, 100, 200) and ADX (7, 14, 26, 52, 100) correspond to reaction rates respectively. By choosing different reaction rates you can expect to further increase reliability.
You can estimate the reliability of the trend most reliably in a situation where all six signals in total rise from low to high.
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