Ramp ADX, Directional Index and
Scan charts for up to 5 moving
average, ADX, DI+ and or DI- interactions. |
This scanner is extremely versatile. You can use up to 5 rules to find any interaction of price with moving average lines and or interaction between several moving average lines. Below is an example of a much simpler scan setup. The setup above is a single rule and asks that the closing price of the current bar be touching the 200 bar moving average line. Note that to get a price for a single bar simply select a 1 bar moving average. As an example the one bar moving average calculated on the close is the closing price and a one bar moving average of the high price is the current bar's high. No ADX rules are checked. You can add more Moving Average rules as was done in the image below. In the image above the scanner is asked to find charts with the current bar's low below the 50 and close above it. Note that Bar 1 is the current bar and bar two is the next bar back. The last 3 rules are adding the requirement that the low was above the 50 bar MA for 3 bars before the current bar's drop through and recovery. This scanner is very versatile and can be used to find just about any moving average trade setup. ADX Example Setup In the example above two ADX rules were combined with one Moving Average rule. The 5 bar MA must be crossing up through the 20 bar MA and the ADX must be over 15 while at the same time the +DI (Directional Index) must be crossing up through the -DI. An actual scan result for this example is shown below: You can install and run the ADX, Directional Index and Moving Average Scanner in the Ramp 8 free trial at www.nebadawn.com. Just click on the "More" button and select the ADX and Moving Average Scanner as show in the image nelow.. Click here to Install the Ramp Program Moving Average, ADX, and Directional Index Scanner. |