The ADXM Forex trading sniper signal oscillator is a real trend follower that can make you daily pips.
It’s easy to discover when you need to open long and short trade positions with the ADXM signals oscillator.
The oscillator draws a trading channel on a sub-MT4 chart together with an easy to follow triple colored signal line.
The signal line itself consists of three colors, blue, gray and brown.
- The ADXM oscillator draws a blue colored signal line when the trend becomes bullish from neutral.
- The ADXM oscillator draws a brown colored signal line when the trend becomes bearish from neutral.
Feel free to experiment with the indicator ADXM input parameters values.
Download This MT4 Forex Indicator Free
Download the “adxm-arrows-indicateur.ex4” Metatrader 4 indicator
Winning ADXM Forex Oscillator Sniper Signal Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With ADXM Forex Oscillator Signal Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open new buy trade position when the ADXM Signal MT4 Oscillator turns blue color from gray. The trend is now considered bullish.
Place a stop loss below the most recent support level, or use your own stop loss strategy.
Take profit at reward/risk 1.5:1 or use you own take profit strategy.
Sell Trigger: Open new sell trade position when the ADXM Signal MT4 Oscillator turns brown color from gray. The trend is now considered bearish.
Place a stop loss above the most recent resistance level, or use your own stop loss strategy.
Take profit at reward/risk 1.5:1 or use you own take profit strategy.
Download This Forex Indicator Now
Download the “adxm-arrows-indicateur.ex4” MT4 indicator
Adjustable Parameters
Time frame, ADXM period, price for high, price for low, price smoothing period, filter, Alerts, colors, width, style.
Usage
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: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend oscillator
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.