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- Advanced ADX Indicator for MetaTrader 5 Download – Free – [Trading Finder]
Advanced ADX Indicator for MetaTrader 5 Download – Free – [Trading Finder]
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The Advanced ADX Indicator is a histogram used to measure the strength of price trends on the MetaTrader 5 (MT5) platform. The Advanced ADX Oscillator fluctuates between levels 0 and 100, with its settings defaulted to a 13-period. Green bars indicate an uptrend, while red bars indicate a downtrend. An increase in the ADX value reflects the strengthening of the market trend.
Advanced ADX Indicator Table
Category | Oscillator - Volatile - Trading Tool |
Platform | MetaTrader 5 |
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 daily chart of USD/CAD, the Advanced ADX Indicator's histogram shows green bars indicating an uptrend. When the DI+ oscillator is above the DI- oscillator, green bars appear in the histogram. Additionally, as the ADX oscillator value increases, the size of the histogram bars also increases, indicating the strength of the market trend.
Downtrend
In the 1-hour chart of NAS100, the Advanced ADX Indicator's histogram shows red bars indicating a downtrend. When the DI- oscillator is above the DI+ oscillator, red bars appear in the histogram. Additionally, as the ADX oscillator value increases, the size of the histogram bars also increases, indicating the strength of the market trend.
Advanced ADX Oscillator Settings
- ADXPeriod: Setting the ADX Period
Summary
The Advanced ADX Oscillator is most useful in trending markets, fluctuating between levels 0 and 100. When the ADX oscillator is below the 25 level, it indicates a weak trend. When it moves above the 25 level, it signals a strong trend to the trader.
How can the Advanced ADX Indicator be used to identify trends?
When the ADX value is above 25, it indicates the presence of a strong trend in the market. If the ADX value is below 20, it indicates a non-trending or weak trend market. Values between 20 and 25 usually indicate the beginning or end of a trend.
How can the +DI and -DI signals be used in the Advanced ADX Indicator?
A buy signal is generated when the +DI crosses above the -DI. Similarly, a sell signal is generated when the -DI crosses above the +DI. These signals are usually confirmed with the ADX value to assess the strength of the trend.