ADX VMA Buy/Sell Forex Trend Indicator For Metatrader 5
The ADX VMA Buy/Sell Forex Trend indicator for MT5 delivers awesome buy and sell signals that works for any pair and trade style.
ADX VMA appears underneath the main trading chart in the form of a dual-colored histogram.
The buy and sell trade logic is very simple to understand for any trade.
- The trend is bullish when the ADX VMA Buy/Sell Forex Trend indicator draws a green histogram.
- The trend is bearish when the ADX VMA Buy/Sell Forex Trend indicator draws a red histogram.
Some traders report 75% profitable trades with this trend indicator for MT5.
Use it for scalping, day trading and swing trading purposes.
Feel free to experiment with the indicator’s different inputs parameters and values.
Deploy this indicator on any currency pair, stocks, indices, Gold,…
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ADX VMA Buy/Sell Forex Trend Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With ADX VMA Buy/Sell Forex Trend Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when the ADX VMA Buy/Sell Forex indicator draws its first green histogram bar. The trend is now upward.
Place stop loss 1 pip below short-term support, or use your own stop loss placement method.
Exit the buy trade for a reward to risk 1.8:1 ratio or use a fixed profit target, for instance 40 pips on the 15 min day trading chart.
Alternatively, close and reverse the currency trade when the indicator draws its first red bar.
Sell Trigger: Open a sell trade when the ADX VMA Buy/Sell Forex indicator draws its first red histogram bar. The trend is now downward.
Place stop loss 1 pip above short-term resistance, or use your own stop loss placement method.
Exit the sell trade for a reward to risk 1.8:1 ratio or use a fixed profit target, for instance 17 pips on the 1 min scalping chart.
Alternatively, close and reverse the currency trade when the indicator draws its first green bar.
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Time frame, ADX VMA period, price, smoothing method, smoothing period, alerts, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT5
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT5 indicators data folder.
Then restart the MT5 terminal and attach it to any chart.