Advanced ADX

Advanced ADX Indicator
Advanced ADX Indicator with the best forex trading BUY and SELL signals with color histogram. Best ADX based Indicator for MT4 for Intraday or long term

CATEGORIES: MT4, SIGNAL, OSCILLATOR
Updated on: 26.10.2023

A forex trader’s success is mostly determined by the trader’s ability to identify the underlying trend. However, the trader will be highly profitable if the trader can understand and gauge the strength of the trend. The Advanced ADX Indicator for MT4 provides the trader with essential information on the availability of the trend and the strength of the trend.

Forex trader can use the Advanced_ADX indicator for MT4 as a standalone indicator to get the best BUY and SELL signals. On the other hand, forex traders can combine this information with other technical indicators and trade using multiple indicators’ confluence. ADX refers to the Average Directional Movement Index.

The Advance ADX indicator for MT4 is different from the standard ADX – Average Directional Movement Index indicator in the MetaTrader platform. The Advanced ADX indicator for MT4 displays a histogram. Opposite to showing the D+ and D- lines of the standard ADX indicator. The Advanced Indicator shows the histogram in GREEN and RED colors to identify the trend direction. And it provides BUY and SELL signals with the best entry points.

Advanced ADX Indicator For MT4 Trading Signals

The above EURUSD H4 chart shows the Advanced ADX indicator displaying the histogram in GREEN and RED colors and clearly showing the best entry point towards the trend’s direction. Forex traders can BUY once the histogram changes color to GREEN and exit the trade in the opposite histogram color. Similarly, traders can SELL as the histogram changes color to RED and exit the trade at an opposite signal. Trades can continue to hold their positions as long as the histogram shows the same color.

The indicator is super easy for new forex traders as it displays the colored histogram. Advanced forex traders will apply the indicator to find confluence using this indicator with other tools and indicators as the indicator is the best replacement for the existing ADX indicator. The indicator is applicable to any timeframes and currency pairs.

Intraday traders can trade using the shorter timeframe charts like M5 and M15. However, like most other technical indicators, the Advanced ADX Indicator performs better at higher timeframe charts H1 and H4. The BUY and SELL signals at higher time frames are more profitable and reliable. Similarly, the trend direction identified and established in higher time frames tends to last longer and yield better results.