Wilder’s Directional Movement System

The ADX (Average Directional Movement Index) is an indicator of how much the market is trending, either up or down: the higher the ADX line, the more the market is trending and the more suitable it becomes for a trend-following system.

BUY : When RSI crossed above 53 line and ADX greater than 25.
SELL : When RSI crossed above 80 line and ADX greater than 25.

 

BUY{
set rs = RSI(CLOSE,17);
set ad = ADX(14);
CROSSOVER(rs,53) and ad>25;}

LONGEXIT{
set rs = RSI(CLOSE,17);
set ad = ADX(14);
crossover(rs,80) and ad>25;}

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