The ADMI Trading Signals forex indicator for Metatrader 4 generates buy and sell arrows based on the popular average directional movement index (ADMI) technical indicator.
ADMI consists of the ADX indicator alongside the moving average indicator.
A buy signal occurs when a green arrow appears on the MT4 chart.
A sell signal occurs when a red arrow appears on the MT4 chart.
For scalping and day trading purposes, use the ADMI Trading Signals indicator during the London and New York trading sessions.
For swing trading purposes, the indicator can be used around the clock.
It can be used as a stand-alone buy/sell signals indicator or together with other technical tools.
Feel free to experiment with the different ADMI indicator settings.
They can be accessed from the indicator’s input menu.
The AUD/USD H4 chart below displays the ADMI Trading Signals Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the ADMI Trading Signals Metatrader 4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade when the ADMI forex indicator draws a green arrow on the activity chart.
Sell Signal: Open sell trade when the ADMI forex indicator draws a red arrow on the activity chart.
Trade Exit: Close the open buy/sell forex position when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Trend Signals
Customization options: Variable (ADX period, Moving Average Period, Alerts) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the admi-trading-signals.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)