MB/ADX EZ Dynamic "sort of"

[markbrown@xxxxxxxxxxxxx (Mark Brown)]

below is a redo of an indicator I posted to traderclub
http://www.traderclub.com/index.htm  so I figured I'd post it here too.

for an ela file of the indicator for TS/SC go here
http://www.markbrown.com/mbadxezd.ela for a screen shot of the indicator go
here http://www.markbrown.com/mbadxezd.htm


input:adxlen(28),adxavg(2),dmilen(28),dmiavg(2),factor(0),min(10),max(50);

Value1=(ADX(adxlen));

var:zone(0);

zone=highest((TrueRange[(adx(max))]+min),max);

{min is an adjustment that should be set acording to the market, 10 will
work for most and 50 for the max}

If Value1[0]>factor then begin

{factor is the setting that the adx must be greater than before it starts to
plot, I have found that by setting this to 5 or 10 I can see more indicator
in the sub plot and greater detail. The setting is at zero as a default, you
may want to play with it}

Plot2(ADX(adxlen),"Trend");end;

if  adx(adxlen)>zone  then begin

if (Average(dmiplus(dmilen),dmiavg))>(Average(dmiminus(dmilen),dmiavg))

then begin Plot3(Zone,"TrendBuy");end;end;

if  adx(adxlen)>zone  then begin

if (Average(dmiplus(dmilen),dmiavg))<(Average(dmiminus(dmilen),dmiavg))

then begin Plot4(Zone,"TrendSell") ;end;end;

if  adx(adxlen)>zone  then begin

If Value1[0]>(average(value1[1],adxavg)) then
Plot1(ADX(adxlen),"TrendStart") ;end;

IF CheckAlert Then Begin IF Plot1 Crosses Above zone - 1 Then Alert = TRUE;
End;


Mark Brown
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"I tried being reasonable, I didn't like it." - Clint Eastwood
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