The Drive indicator for MT4 looks very similar to the popular ADX indicator developed by Welles Wilder.
The main purpose of the indicator is to determine the strength of the current trend.
The green line above the red line indicates an uptrend in the market while the red line above the green line indicates a downtrend may be underway.
EUR/USD 1 Hour Chart Example
How to install the Drive custom indicator in Metatrader 4?
- Download the Drive.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.