ADX Candles Metatrader 4 Indicator
ADMI (ADX + DMI) measures trend direction and trend strength at the same time. It’s a powerful indicator combination. The ADX Candles indicator changes color based on the combination of ADX and DMI. You don’t need to calculate anything with this indicator. Green colored candlesticks indicate bullish trends while red colored candlesticks indicate bearish trends. I’d suggest play around with the ADX settings and find the ones that works best for you.
BUY: Wait for a green ADX candlestick.
SELL: Wait for a red ADX candlestick.
Configurable Indicator Options
ADXPeriod, ADXSignal, ADX_Plus, DI_Levels_Only, BarWidth
EUR/USD Daily Chart Example