Smoothed ADX Trend Indicator with Automatic Higher Timeframes
Summary
This document describes a standalone trend indicator based on the trend component of an ADX-based calculation. It applies Jurik smoothing to the output with the stated aim of reducing false signals. The basic interpretation is directional: a change in the indicator’s color signals a change in its assessed trend.
The indicator supports MetaTrader 5 timeframes and includes options for automatically selecting the second and third higher timeframes relative to the active chart. Those selections adjust when the chart timeframe changes. The description does not provide the calculation details, parameter settings, example trades, or evidence that smoothing improves signal quality. It presents the tool’s intended interpretation and timeframe behavior, so traders would need independent testing to assess its usefulness across instruments and market conditions.
Key ideas
- The indicator extracts an ADX-related trend measure and smooths it with a Jurik method.
- A color change represents a change in the indicator’s trend assessment.
- It supports multiple chart timeframes, including automatic second and third higher timeframe options.
- The description supplies no performance evidence or detailed calculation specification.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.