The ADX Fractal Forex Signals indicator for MT4 represents a true trend-following signal indicator that works well.
It consists of the ADX and CCI technical indicators and appears in the form of buy and sell arrows on the activity chart.
Key Points:
- A green ADX Fractal arrow represents a buy trade signal.
- A red ADX Fractal arrow represents a sell trade signal.
For scalping the M1 and M5 charts, it’s recommended to use the indicator during the London and U.S. trading sessions on the lower spread currency pairs for better profits.
Free Download
Download the “adx-fractal-signals-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
How to trade with it (example)?
Buy the currency pair as soon as the green signal arrow gets printed on the chart.
Sell the currency pair as soon as the red signal arrow gets printed on the chart.
Exit the trade for a fixed profit target, or wait for an opposite trading signal.
Place a stop loss above or below the most recent swing high/low price.
Feel free to use your own favorite trading method to open and close trades with the ADX Fractal Forex Signals indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: ADX period, CCI period, CCI buy level, CCI sell level, alerts, color settings & style
Indicator type: trend
Repaint? Does not repaint the colored green & red arrow on the chart.
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Download the “adx-fractal-signals-indicator.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading .
The ADX Fractal Forex Signals indicator for MT4 can be utilized as a standalone signals indicator.
Feel free to mix it up with any trading strategy or system of you choice.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the adx-fractal-signals-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.