Smart ADX Crosses Forex Indicator For MT4
The Smart ADX Crosses Metatrader 4 forex indicator is a popular trend trading indicator that yields awesome trading results.
ADX crosses works for any trade style: scalping, swing trading and day trading.
The indicator delivers accurate buy and sell signals that can transform almost anyone into a profitable currency trader.
Opening and closing orders using the ADX Crosses indicator is straightforward, even for beginners (see the NZDJPY M15 chart below).
- A blue upward pointing arrow indicates the start of an uptrend. This is a buy signal.
- A red downward pointing arrow indicates the start of a downtrend. This is a sell signal.
Tip: Trading the Alligator MT4 indicator together with the ADX Crosses Indicator creates a secure trading system.
In this case:
- A buy trend takes place when the blue line crosses below the lime and red lines, while the blue upward pointing arrow pops up below the candlesticks.
- A sell trend takes place when the blue line crosses above the lime and red lines, while the red downward pointing arrow pops up above the candlesticks.
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Smart ADX Crosses Forex Indicator Chart
Below is an example of how the indicator should appear when added onto the Metatrader 4 chart.
Traders are free to deploy this indicator on any forex pair and time frame of their preference.
Finding Buy and Sell Triggers With Smart ADX Crosses Forex Indicator
Below is an example of how to buy and sell forex pairs with this technical indicator:
Buy Trigger: Open buy trade order when the blue upward pointing arrow pops up below the price bars.
Place stop loss below most the recent pullback, or use your own stop loss placement method.
Close the buy trade at the instance the red downward pointing arrow pops up on the activity chart (bearish trend reversal signal).
Alternatively, exit the buy trade for a fixed take profit target, for example, 48 pips on the 15-minute day trading chart.
Sell Trigger: Open sell trade order when the red downward pointing arrow pops up above the price bars.
Place stop loss above most recent pullback, or use your own stop loss placement method.
Close the sell trade at the instance the blue upward pointing arrow pops up on the activity chart (bullish trend reversal signal).
Alternatively, exit the sell trade for a fixed take profit target, for example, 15 pips on the 1-minute scalping chart.
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ADX crosses period, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
Trading oscillators (Williams’ Percent Range, Moving Average of Oscillator, RVI,….)
Trend indicators (Bollinger Bands, Envelopes, EMA,…)
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
Copy and paste the indicator in the MT4 indicators data folder (click on ‘File > Open Data Folder’).
Right click within the MT4 terminal Navigator window to refresh or restart the terminal and add the indicator to any chart.