DMI ADX Histogram Indicator for MetaTrader 5 Download - Free - [TFlab]

The ADX Histogram Indicator is a trend analysis tool in MetaTrader 5 that helps traders accurately identify and analyze market trends and their strength.

An upward or downward ADX line indicates a trending market, while a flat and horizontal ADX line signifies stagnant trading.

This indicator is suitable for all markets and can be applied to all currency pairs.

Indicator Table

Indicator in an Uptrend

In the AUD/USD currency pair chart on the 15-minute timeframe, traders can enter a long position after the histogram bars turn blue.

Once the bar colors change and the necessary signals are confirmed, traders can exit the trade or secure profits.

Indicator in a Downtrend

In a downtrend, the chart of the AUD/NZD currency pair on the 30-minute timeframe is displayed.

The indicator starts to decline after the trend changes, and traders can enter a short position based on the histogram bar color changes and confirmation from their strategy.

Indicator Settings

• Chart Theme: Background color of the chart;
• Ma Period: The calculation period for ADX, default set to 14.

Conclusion

The ADX Histogram Indicator in MetaTrader 5 is a powerful tool for identifying market trends and their strength.

Using the ADX line and the DMI Histogram, it helps traders determine the direction and strength of trends. Green histogram bars represent an uptrend, while red histogram bars indicate a downtrend.

Traders can use this indicator for various currency pairs and timeframes.