Indicator: ATRmod_ADX

[WHS Support]

Hello,

this indicator combines the calculation of the ADX with the importance of volatility. For the calculation of DI+/DI- the ATR of the period is included.
So basically it sums up the ATR of all green candles (DI+) and red candles (DI-). (Those lines can also be shown by changing the parameter showATR_LS to "1").
The "ADX" line is then the difference between these two. With the parameter threshold you can define a filter level.

Kind regards,
Timo
WHS