The Average Directional Index (ADX), Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder. Wilder designed ADX with commodities and daily prices in mind, but these indicators can also be applied to stocks. The Average Directional Index (ADX) measures trend strength without regard to trend direction. The other two indicators, Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), complement ADX by defining trend direction. Used together, chartists can determine both the direction and strength of the trend.
This indicator is built using ADX as a foundation but with a much better and improved calculation. Designed to be user friendly with clear buy and sell arrow signals.
Time Frame: H1 or higer
BUY: When Blue arrow appears
Sell: When Red arrow appears
Like: No re-paint or re-drawing of signals and often quite accurate
Additional thoughts: Signal based on close of current bar so keep this in mind when doing your trading analysis.