ADX Fractal Signals indicator is based on readings of four indicators: ADX, DMI, CCI and Fractals.
There are five inputs:
- ADX period – ADX and DMI calculation period
- CCI period – CCI calculation period
- CCI bullish signal level – CCI level for a bullish signal
- CCI bearish signal level – CCI level for a bearish signal
- Use alerts – use alerts when a signal appears (Yes/No)
Signal activation conditions:
- Buy signal:
- ADX grows two bars in a row
- DMI Plus exceeds DMI Minus
- CCI exceeds CCI bullish level for three bars in a row
- A new lower fractal appears (support)
- Sell signal:
- ADX falls two bars in a row
- DMI Plus is less than DMI Minus
- CCI is less than CCI bearish level for three bars in a row
- A new upper fractal appears (resistance)
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