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ADX Scan

Written by Administrator Tuesday, 22 January 2008 10:00
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ADX Scan

 

The ADX scan searches for when an x period ADX…

• DM+ Crosses Above the DM-

• DM+ Crosses Below the DM-

• DM+ Crosses Above the ADX

• DM+ Crosses Below the ADX

• DM- Crosses Above the ADX 

• DM- Crosses Below the ADX 

• ADX is Above (the specified value)

• ADX is Below (the specified value)

The above settings would scan for a 10 Period ADX, where the DM+ Crosses Above the DM-. The Value would play no part in this scan. The scan would be applied to a Daily chart.

Note: Value is only used when a Scan For type of ADX is above or ADX is Below is selected

Period: Select the ADX period (bars) that the scan will be looking for. If this were set to 10, it would search using a 10 period ADX.

 

Value:   This is the setting for the value that the ADX must cross above or below. If this were set to 5, it would look for when the ADX crosses either below or above the 5 value.

Last modified on Friday, 10 October 2008 10:00