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ADX Wilder Forex Indicator (MT5)

    The ADX Wilder Forex indicator that runs on MT5 gauges the strength of the trend and provides buy & sell signals at the same time.

    The indicator appears in a bottom chart of the trading platform and does not repaint its signals whatsoever.

    ADX Wilder can be used in multiple ways, I will present you an easy to use trade example below.

    Buy & sell signal:

    • Open a buy trade as soon as the green dotted signal line crosses above the wheat dotted signal line from below.
    • Open a sell trade as soon as the green dotted signal line crosses below the wheat dotted signal line from above.

    Feel free to experiment with the multiple indicator settings and values (inputs menu).

    The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

    Free Download:

    Download the “adxw-indicator.mq5” indicator for MT5

    Indicator Example Chart (USD/JPY H4)

    The picture below shows the ADX Wilder indicator in action on the MT5 trading chart.

    After you downloaded and installed the indicator on the MT5 trading platform, it should look like the image as shown above.

    Trading Tips:

    Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the ADX Wilder Forex indicator.

    As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

    Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

    Indicator Specifications & Inputs:

    Trading Platform: Developed for Metatrader 5 (MT5)

    Trading Instruments: Works for Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares

    Time frames: Works for any time frame

    Trade Style: Works for scalping, day trading and swing trading

    Input Parameters: Variable (inputs tab), color settings & style

    Indicator type: ADX

    Does the indicator repaint? No.

    Download Now:

    Download the “adxw-indicator.mq5” indicator for Metatrader 5

    How to install this indicator on Metatrader 5?

    Open the Metatrader 5 platform

    From the top menu, click on “File”

    Then click on “Open Data Folder”

    Then double click with your mouse button on “MQL5”

    Now double click on “Indicators”

    Paste the adxw-indicator.mq5 indicator in the Indicators folder.

    Finally restart the MT5 platform and attach the indicator to any chart.

    How to remove the indicator?

    Right click with your mouse on the chart that you have the indicator attached to.

    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 on the chart that you have the indicator attached to.

    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.

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