Advanced ADX Indicator for MetaTrader 4 Download – Free – [Trading Finder]

The Advanced ADX Indicator on the Meta Trader 4 (MT4) platform helps you assess the strength of price trends. The Advanced ADX Oscillator is displayed as a histogram ranging from 0 to 100 and is designed with two colors: green (uptrend) and red (downtrend). The higher the histogram, the stronger the trend. The Advanced ADX MT4 Oscillator comes with a default setting of 13.

Advanced ADX Indicator Table

Indicator at a Glance

The Advanced ADX Indicator is an enhanced version of the traditional ADX indicator, displaying ADX values as a histogram. This feature allows traders to perform a more precise and detailed analysis of trend strength, enabling them to make informed trading decisions.

Uptrend in the Advanced ADX Histogram

In the 30-minute chart of the GBP/USD currency pair, the D+ line is above the D- line, and simultaneously, the ADX line has also increased, indicating the strength of the uptrend in the market.

Downtrend in the Advanced ADX Histogram

In the 5-minute chart of the AUD/USD currency pair, the D- line is above the D+ line, and simultaneously, the ADX line has also decreased, indicating the weakness of the downtrend in the market.

Settings for the Advanced ADX Histogram

• ADXPeriod: Setting the ADX Period

Summary

The Advanced ADX and MT4 Trading Assist Indicators fluctuates between 0 and 100. When it is above the 25 level, it indicates a strong trend, and below 25, it indicates a weak trend. This indicator is more useful in trending markets.