4 Timeframe ADX Indicator
Elevate your trading with the 4 Timeframe ADX Indicator for MT4. Identify D1, H4, H1, and M15 trends, and make informed trades with customizable settings.
This free 4 Timeframe ADX indicator displays the ADX value on a single chart for four different timeframes (D1, H4, H1, and M15). It also has lines for the DI+ and DI- values, which are useful for determining trend strength.
How To Use The 4 Timeframe ADX Indicator For MT4
As shown below, the indicator can enter both long and short trades. Identify a strong uptrend across multiple time frames for a buying opportunity, seen when the ADX MTF indicator is above 25.
On the indicator, look for a bullish crossover, represented by the green +DI line crossing above the brown -DI line, indicating a strong bullish trend. After validating the uptrend, enter a long trade at the current market price, with stops below the most recent swing low—profit when the trend shifts.
Identify a strong downtrend for a selling opportunity across many periods, often shown by the indicator exhibiting values above 25. On this indicator, look for a bearish crossover, defined by the brown -DI line passing over the green +DI line, suggesting a strong downtrend.
After you confirm the downtrend, enter a short trade at the current market price. Set stops above the most recent swing high and exit when the trend changes.
Conclusion
The 4 Timeframe ADX indicator for MT4 provides clear trade entry signals. The indicator consists of a green +D line and a brown -D line whose crossovers produce trade entry signals.
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