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Advanced ADX Metatrader 4 Indicator

The advanced ADX indicator is based on the Average Directional Movement Index (ADX) developped by J. Welles Wilder.

ADX basics: +DI above -DI means positieve trend. -DI above +DI means negative trend. ADX values above +25 suggest strong trends.

Trading Signals

Buy: Wait for the first green bar.

Sell: Wait for the first red bar.

Use in conjunction with other analysis tools, such as technical oscillators to pinpoint trade entries with small downside risk.

Indicator Preferences

Currency pairs: any
Preferred Time frames: any
Sessions: any (London, New York for smaller timeframes up to the 15 min)

Download

Download the advanced_adx.mq4 indicator.

Configurable Indicator Options

ADXPeriod, color

EUR/USD Daily Chart Example

advanced-adx-metatrader-4

How to install the Advanced ADX custom indicator in Metatrader 4?

  • Download the advanced_adx.mq4 indicator to your computer.
  • Open your Metatrader 4 platform.
  • Open the data folder from the top menu.
  • Open the MQL4 folder.
  • Open the indicators folder.
  • Paste the indicator file in this folder.
  • Restart the trading platform.
  • Open any trading chart.
  • Attach the indicator to the chart.