MACD and ADX based trading system
I have posted a colorful AFL. This AFL is a combined system both MACD and ADX indicators. In any market finding the trend is the most important priority. To a greater extend the ADX can help in detecting the trend of stock. One thing to note about ADX is that it does not take the sideways movement of the stock. The MACD on the other hand is based upon moving averages and works differently
This AFLdisplays the MACD with histogram and the ADX is plotted in a ribbon style without interfering one an other.
