naoligo

[naoligo] Simple ADX

I'm publishing this indicator just for study purposes, because the result is exactly the same as DMI without the smoothing factor. It is exactly the same as ADX Wilder from MT5.

I was looking for the algorithm all over and it was a pain to find the right formula, meaning: one that would match with the built-in ones. After several study and comparison, I still didn't find the algorithm that match with the MT5's built-in simple ADX...

Enjoy!
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Please don't mind about the horizontal lines in the graphic. I use them as a reference for support and resistance zones.
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