ADX Trend signal indicator analyzes the values of three ADX indicators and sets signal pointers.
There are seven configurable parameters:
- First ADX period – first ADX calculation period
- Second ADX period – second ADX calculation period
- Third ADX period – third ADX calculation period
- Lelel 1 – first ADX threshold level
- Level 2 – second ADX threshold level
- Applied price
- Signal point anchor – signal pointers’ anchor point
- High/Low – by High/Low signal levels
- Open – by Open prices of signal colors
Signal pointers are set if:
ADX1_1 < ADX1_0 и ADX2_1 < ADX2_0 и ADX3_1 < ADX3_0 и ADX1_0 > Lelel 1 и ADX2_0 > Level 2
- If DMI > 0, bearish (red) signal pointer is set
- If DMI < 0, bullish (green) signal pointer is set
where:
ADX1_1, ADX1_0 – ADX(First ADX period, MAIN_LINE) on bar 1 and 0
ADX2_1, ADX2_0 – ADX(Second ADX period, MAIN_LINE) on bar 1 and 0
ADX3_1, ADX3_0 – ADX(Third ADX period, MAIN_LINE) on bar 1 and 0
DMI = PDI – MDI
PDI = ADX(First ADX period, PLUSDI_LINE)
MDI = ADX(First ADX period, MINUSDI_LINE)
MT5 Indicators – Download Instructions
ADX Trend MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
ADX Trend MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install ADX Trend MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download ADX Trend MT5 Indicator.mq5
- Copy ADX Trend MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on ADX Trend MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ADX Trend MT5 Indicator.mq4 is available on your Chart
How to remove ADX Trend MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
ADX Trend MT5 Indicator (Free Download)
Click here below to download:
La entrada ADX Trend MT5 Indicator se publicó primero en ForexMT4Indicators.com.