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ADX Trigger Forex Indicator For MT5

    The ADX Trigger Forex indicator for Metatrader 5 transforms price action into a powerful ADX based technical B/S oscillator.

    The indicator appears in a bottom chart window as a colored line that oscillates above and below the +25 and -25 buy/sell trigger lines.

    Trade Logic

    • A buy signal is generated when the ADX oscillator crosses above the +25 trigger line from below.
    • A sell signal is generate when the ADX oscillator crosses below the -25 trigger line from above.

    For scalping and day trading purposes, deploy the indicator during the most active trading sessions.

    Key Points

    • ADX oscillator
    • 100% No-repaint indicator
    • Works for any currency pair
    • Works for any time frame
    • Newbie friendly indicator
    • Programmed for Metatrader 5

    Free Download

    Download the “ADXm.mq5” indicator for MT5

    Example Chart

    The chart below shows the ADX Trigger Forex indicator attached to the EUR/USD 1-hour chart.

    Trading Signals

    The ADX Trigger indicator for MT5 can be used in multiple ways, find a basic trading example below:

    Buy Signal:

    • Open a buy trade when the ADX line crosses back above the +25 value.
    • Place your stop loss 2-3 pips below the most recent swing low.
    • Exit the buy trade for a fixed profit target.

    Sell Signal:

    • Open a sell trade when the ADX line crosses back below the -25 value.
    • Place your stop loss 2-3 pips above the most recent swing high.
    • Exit the sell trade for a fixed profit target.

    Download

    Download the “ADXm.mq5” indicator (MT5)

    How to install the ADX Trigger indicator in Metatrader 5?

    • Copy the ADXm indicator in the MT5 indicator folder
    • Restart the trading platform
    • Select and attach the indicator to any chart of your preference

    How to remove the indicator from the chart?

    • Click with your right mouse button in the chart
    • Select the indicator list from the dropdown menu
    • Remove the indicator from the list
    • Press close