ADX_Fractal_Signals

ADX Fractal Signals indicator is based on readings of four indicators: ADX, DMI, CCI and Fractals.

There are five inputs:

• ADX period - ADX and DMI calculation period
• CCI period - CCI calculation period
• CCI bullish signal level - CCI level for a bullish signal
• CCI bearish signal level - CCI level for a bearish signal
• Use alerts - use alerts when a signal appears (Yes/No)

Signal activation conditions:

• Buy signal:

1. ADX grows two bars in a row
2. DMI Plus exceeds DMI Minus
3. CCI exceeds CCI bullish level for three bars in a row
4. A new lower fractal appears (support)

• Sell signal:

1. ADX falls two bars in a row
2. DMI Plus is less than DMI Minus
3. CCI is less than CCI bearish level for three bars in a row
4. A new upper fractal appears (resistance)