Wilders DMI is a versatile complex trend following indicator composed of ADX, DMI and ADXR.
Green DMI bars suggest bullish trend while red bars suggest bearish trend.
Blue ADX line above orange ADXR line indicates strong trend, which is either bullish or bearish.
Basic Trading Signals
BUY: Wait for green WilderDMI bars
SELL: Wait for red WilderDMI bars
Use in conjunction with other indicators and tools.
Configurable Indicator Options
MA_Length, DMI_Length, ADX_Length, ADXR_Length
USD/JPY 30 Minute Chart Example
How to install the Wilders DMI custom indicator in Metatrader 4?
- Download the WildersDMI.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.