This indicator is the smoothed standard indicator Average Directional Movement Index.
It has five adjustable parameters:
- Period – ADX calculation period
- Primary smoothing factor – primary factor of smoothing
- Secondary smoothing factor – secondary factor of smoothing
- Strong trend level – level of a strong trend
- Weak trend level – level of a weak trend
Calculations:
SDIP = Secondary smoothing factor * DIPtmp + (1.0 – Secondary smoothing factor) * PrevSDIP
SDIM =Secondary smoothing factor * DIMtmp + (1.0 – Secondary smoothing factor) * PrevSDIM
SADX = Secondary smoothing factor * ADXtmp + (1.0 – Secondary smoothing factor) * PrevSADX
where:
DIPtmp = 2.0 * DMIplus + (Primary smoothing factor – 2.0) * PrevDMIplus + (1.0 – Primary smoothing factor) * PrevDIPtmp
DIMtmp = 2.0 * DMIminus + (Primary smoothing factor – 2.0) * PrevDMIminus + (1.0 – Primary smoothing factor) * PrevDIMtmp
ADXtmp = 2.0 * ADX + (Primary smoothing factor – 2.0) * PrevADX + (1.0 – Primary smoothing factor) * PrevADXtmp
DMIplus, DMIminus – DMI+ и DMI-
ADX – Directional Movement Index(Period)
MT5 Indicators – Download Instructions
Smoothed ADX MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Smoothed ADX 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 Smoothed ADX MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Smoothed ADX MT5 Indicator.mq5
- Copy Smoothed ADX 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 Smoothed ADX MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Smoothed ADX MT5 Indicator.mq4 is available on your Chart
How to remove Smoothed ADX 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
Smoothed ADX MT5 Indicator (Free Download)
Click here below to download:
La entrada Smoothed ADX MT5 Indicator se publicó primero en ForexMT4Indicators.com.