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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 MT4 Oscillator comes with a default setting of 13.
Advanced ADX Indicator Table
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Indicator Categories:
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Oscillators MT4 Indicators
Volatility MT4 Indicators
Currency Strength MT4 Indicators
Trading Assist MT4 Indicators
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Platforms:
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MetaTrader 4 Indicators
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Trading Skills:
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Intermediate
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Indicator Types:
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Leading MT4 Indicators
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Timeframe:
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M1-M5 Time MT4 Indicators
M15-M30 Time MT4 Indicators
H4-H1 Time MT4 Indicators
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Trading Style:
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Day Trading MT4 Indicators
Intraday MT4 Indicators
Scalper MT4 Indicators
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Trading Instruments:
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Forward Market MT4 Indicators
Indices Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators
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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.
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.