Adaptive ADX and DI
This is part 2 of 11 in the system named Ninetales/Volt V2 you can find on Tradingview.
It simply measures all of the combinations of the defined parameters of a typical ADX + DI , and returns the most logically accurate values.
Use it however you would use a standard ADX + DI, just add your preferred values to test against each other, and set the period you would like for it to backtest.
Standard use would be to wait for ADX(red line) to be above the threshold(yellow shaded area). The short when orange is above the blue line, and long when the blue line is above the orange line.
It simply measures all of the combinations of the defined parameters of a typical ADX + DI , and returns the most logically accurate values.
Use it however you would use a standard ADX + DI, just add your preferred values to test against each other, and set the period you would like for it to backtest.
Standard use would be to wait for ADX(red line) to be above the threshold(yellow shaded area). The short when orange is above the blue line, and long when the blue line is above the orange line.
Versionsinformation:
Updated logic better tracks results of value combinations.