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ADX.mq4
Advanced_ADX.mq4
http://forex-indicators.net/adx[03/02/2015 10:45:06]
ADX indicator has 2 lines: ADX itself (white), +DI (green) and DI (red).
Traders then need to draw a horizontal line at the level of 20.
All readings of ADX which are below 20 suggest a weak and
unclear trend, while readings above 20 indicate that a trend has
picked up.
That is, basically, the simplest explanation of the purpose of ADX.
ADX allows Forex traders to determine whether the trend is strong
or weak and thus choose and appropriate strategy to trade with: a
trend following strategy or a strategy fit to consolidation market
periods with no significant price changes.
There is also additional line to be added to ADX indicator window
- at 40 level.
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Average
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Comments
trader
what settings can one use for the ADX in trading short term
trades, like the 30min time frame?
FxIndicators
ADX indicator standard setting are 14. In most cases it is better to
use standard settings just because majority of traders use them;
result - everyone sees the same picture and gets the same signals at
the same time.
However, with ADX indicator specifically, Forex traders often
look for alternative settings.
The nature of ADX indicator allows experimenting with settings to
get best performance.
Common range for ADX is from 7 period ADX to 30 period.
For 30 minutes chart try ADX 30.
http://forex-indicators.net/adx[03/02/2015 10:45:06]
Price
trader
Oscillator
(PPO)
Triple
Check out this link to know more uses of ADX: System Selection
Exponential technique
Moving
Average
(TEMA)
Triple
trader
Exponential
Moving
Average
For Stock market ADX settig is set to 10 as default, but in Forex i
(TRIX)
think for the most case 14 is the best choice
MOMENTUM
INDICATORS
Accumulative
Swing Index
(ASI)
trader
Advance
Decline Ratio
(ADR)
should i use ADX with the weekly, daily, or 15 minute chart?
Aroon
Aroon
Oscillator
Commodity
Channel
FxIndicators
Index (CCI)
Relative
Strength
any chart, I use it even on 5 min as a trend filter for scalping here
Index (RSI) and there.
Stochastic
Stochastic
RSI
VOLATILITY
trader
INDICATORS
Average True
Range (ATR)
will default settings for ADX (ie) ADX14 will suit trading on 15
Bollinger
Min chart?
Bands
Chandelier
Exit
VOLUME
INDICATORS
FxIndicators
Acceleration
Bands
Chaikin
yes, it will.
Money Flow
(CMF)
Volume
CYCLE
INDICATORS
trader
Detrended
Price
Oscillator
hi, does ADX come with all MT4 platform
(DPO)
Elliott Waves
Schaff Trend
http://forex-indicators.net/adx[03/02/2015 10:45:06]
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trader
u are doing a wonderful job. God bless u
FxIndicators
Thank you! Glad you like it.
Yes, ADX comes with all MT4 platforms. You'll find it in MT4
under Trend indicators, under name "Average Directional
Movement Index".
trader
Found ADX useful, show sell signal... Google and found this
page, short and simple. Thanks U Guys.
trader
ADX indicator is a good help but only with other supportive
indicators like RSI or so.
trader
sir your is very good human,thanks all very very best explanation
trader
I agree with the rest of the traders, this site ROCKS! thanx for
your explanations. they are simple n easy to understand. I will
recommend this page to all my FX buddies, be blessed-Mightily.
trader
Google -> your site -> understanding :) thanks very much. I was
http://forex-indicators.net/adx[03/02/2015 10:45:06]
FxIndicators
Thank you!
It's great to have so many people discovering the powers of
indicators!
trader
is there a bug in MDI formula? I'd prefer MAX(L(t-1)-L(t),0)
FxIndicators
No, I don't think so.
But double-check with other resources.
trader
I want to thank a friend for a novice not to have trading in the
demo so real and yesterday I discovered your site.
Quero agradecer ao amigo pois sou novato nao to ainda
negociando no real so na demo e ontem eu descobri seu saite
tenho apreendido muinto e embreve ja irei operar na conta real
pois suas explicaoes estao a me dar confiana obrigado mesmo e
sertamente estarei de olho no seu saite ok.
trader
When a strong trend is in play and reverses to a strong trend in the
opposite direction, what should we look to see in the ADX? If you
wait for it to go back to 20 and rise above you have missed the
strong trend in the opposite direction. How do you recognize this
situation before it's too late? Thank you!
http://forex-indicators.net/adx[03/02/2015 10:45:06]
trader
You should add E=MC2(r-xd)(rxl)-x2(m-lc=4)
FxIndicators
When a strong trend is changed by an opposite strong trend, ADX
indicator is totally useless.
Basically, as soon as ADX starts to decline from the top 30-45
levels, it no longer posses any interest as it can't reflect a change
in a trend. Traders can only refer to +-DI for trend confirmations.
trader
Would you kindly show me where to add the new line. Thanks in
advance
trader
keep the good jobs
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