Experimental ADX Scanner
// Global Variables
NL = 14; // Scan Adjustment for N Day ADX scan
NS = 3;
AThresh = 61;
// ADX Signal
Test1 = Cross(PDI(NL), MDI(NL)); // ADX Cross
Test2 = (ADX(NL) < AThresh) AND (ADX(NS) < AThresh); // ADX <(Magic Number)
Test3 = (ADX(NS) > LLV(ADX(NL),NL+NS)); // Short ADX is significant (control).
Test4 = Cross(MDI(NL), PDI(NL));; // Sell if NL and NS cross downward.
ADBSignal = Test1 AND Test2 AND Test3; // Buy Signal
ADSSignal = Test4; // Sell Signal
// STO Signal
StoSignal = (LLV(StochK(NL+NS,NS), NL+NS)) < (LLV(StochK(NL+NS,NL), NL+NS));
// %R Signal
function PercentR( periods )
{
return -100 * ( HHV( H, periods ) - C )/( HHV( H, periods ) - LLV( L, periods ) );
}
PerRSignal = (PercentR( Param("Periods", 14, 2, 100 ) ) < 10);
// Volume Signal
period = Param("Period", 5, 1);
prev5daysAvg = MA(Ref(Volume, -1), period);
V2 = (ROC(Volume,3) >= 0);
VolumeTrigger = V2 AND (Volume >= prev5daysAvg) AND (Volume >= 50000);
// AccDist Signal
ADSignal = (AccDist() >= Ref(AccDist(), -1));
// Setup Buy/Sell Signals
BCond = PerRSignal AND StoSignal AND ADBSignal AND VolumeTrigger ;
SCond = ADSSignal;
Buy = BCond;
Sell = SCond;
