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- Advanced ADX Indicator for MetaTrader 4 Download – Free – [Trading Finder]
Advanced ADX Indicator for MetaTrader 4 Download – Free – [Trading Finder]
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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 Oscillator comes with a default setting of 13.
Advanced ADX Indicator Table
Category | Oscillator – Volatile -Trading Assist |
Platform | Meta Trader 4 |
Skill Level | Intermediate |
Indicator Type | Continuation – Leading – Strength |
Timeframe | 1 minute - 5 minutes - 15 minutes - 30 minutes - 1 hour – 4 hours |
Trading Style | Scalping - Day Trader - Intraday Trader |
Trading Markets | Forex - Cryptocurrencies - Indices |
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 Oscillator 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.
Can traders use the Advanced ADX Oscillator to predict trend strength?
Yes, traders can use the height of the Advanced ADX Oscillator histogram to determine the strength of the market's uptrend or downtrend.
Is the Advanced ADX Oscillator only available for Meta Trader 4?
No, the Advanced ADX Indicator is available for both Meta Trader 4 and Meta Trader 5. Traders can visit the top of the page to download the Meta Trader 5 version.