All ADX Trend Strength Forex Indicator For Metatrader 4
The all ADX trend strength MT4 indicator displays the ADX trend and trend strength (average directional index) across multiple time frames (MTF).
The indicator displays ADX for the following time frames in small sub-windows underneath the main Metatrader 4 trading chart: M15, M30, H1, H4, D1, W1 and MN1.
Aside trend strength, ADX also tells you trend direction.
- The trend is up when DMI+ > DMI-
- The trend is down when DMI- > DMI+
This ADX MTF indicator is useful to check for trends on multiple time frames without the need to change time frames.
For instance, when trading off the 5-minute chart, you could check for the ADX trend and trend strength on the 15-minute time frame and only trade in the direction of the 15-minute ADX chart trend and trend strength.
When the ADX trend on the 15-minute chart is up (DMI+ > DMI-), only trade bullish signals on the M5 chart.
You can combine this indicator with your own trading system or strategy.
Feel free to experiment the ADX period input parameter.
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All ADX Trend Strength Forex 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 ALL ADX Trend Strength 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 order when DMI+ > DMI- (bullish) and ADX trend strength above 25 value (strong trend).
Place stop loss below support, or use your own stop loss placement method.
Close the buy trade when an sell opposite signal appears on your chart (DMI- > DMI+), or deploy your own take profit method.
Sell Trigger: Open a sell order when DMI- > DMI+ (bearish) and ADX trend strength above 25 value (strong trend).
Place stop loss above resistance, or use your own stop loss placement method.
Close the sell trade when an opposite buy signal appears on your chart (DMI+ > DMI-), or deploy your own take profit method.
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ADX period, show higher time frames, shift right, 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,…)
- 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: scalping
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.