Description
This is another unique indicator published by our vendor cAlgoBuddy, this is an average directional movement index was developed in 1978 by J. Welles Wilder as an indicator of trend strength in a series of prices of a financial instrument with added logic to show the divergencies with smoothed values using the Hull Moving Average formula.
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Website: https://clickalgo.com
using cAlgo.API;
using System.Windows.Forms;
namespace cAlgo
{
[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.FullAccess)]
public class ClickAlgoIndicator : Indicator
{
[Parameter(DefaultValue = 0.0)]
public double Parameter { get; set; }
[Output("Main")]
public IndicatorDataSeries Result { get; set; }
protected override void Initialize()
{
var ret = MessageBox.Show("It is not possible to download the software from the cTDN website. Would you like to visit us at ClickAlgo.com where you can download it?", "Downloading...", MessageBoxButtons.YesNo, MessageBoxIcon.Information);
if (ret == DialogResult.Yes)
{
System.Diagnostics.Process.Start("https://clickalgo.com/adx-divergence");
}
}
public override void Calculate(int index)
{
// Calculate value at specified index
// Result[index] = ...
}
}
}
ClickAlgo
Joined on 05.02.2015
- Distribution: Paid
- Language: C#
- Trading platform: cTrader Automate
- File name: ClickAlgo Indicator.algo
- Rating: 0
- Installs: 1194
- Modified: 13/10/2021 09:54
Comments
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Divergence indications are essentially a warning that the trend momentum is shifting, rather than a signal for a reversal.
Divergence indicators are basically not a signal for a reversal but a warning that the trend momentum is changing. Before using these ADX tools you will need to learn about resumesplanet for more information regarding indicator window.
Divergence indications serve as a warning that trend momentum is shifting, rather than signaling a reversal.