The All ADX Dashboard Metatrader 4 forex indicator displays ADX (invented by Wilder) for 7 different time frames.
This makes it easy for anyone one to check the ADX trend across multiple time frames before making a buy or sell trade decision.
Supported time frames: 15-minute, 30-minute, 1-hour, 4-hour, day, week and month.
ADX consists of 3 components; DI+ (green line), DI- (red line) and trend strength line (yellow line).
The crossover of the DI+ green signal line and DI- red signal line creates a simple trend trading system.
- A buy signal occurs when DI+ crosses above DI+ from below.
- A sell signal occurs when DI- crosses above DI+ from below.
The default ADX period is set to 14 but can be adjusted to whatever period you need.
Free Download
Download the “all-adx-indicator.mq4” MT4 indicator
Example Chart
The EUR/USD 1-hour chart below shows the All ADX Dashboard indicator in action.
Basic Trading Signals
Signals from the All ADX Dashboard MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade when the green DI+ signal line crosses back above the red DI- signal line from below.
Sell Signal: Open sell trade when the red DI- signal line crosses back above the green DI+ signal line from below.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
Download
Download the “all-adx-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (ADX period, Show higher time frames, Bars per time frame) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
Installation
Copy and paste the all-adx-indicator.mq4 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)