Super ADX Buy/Sell Metatrader 4 Forex Signals Indicator
The super ADX Buy/Sell Forex signals Metatrader 4 delivers powerful buy and sell trend signals based on the popular ADX technical indicator.
Interpret its signals as follows:
- A blue histogram ADX bar represents a bullish trend.
- A red histogram ADX bar represents a bearish trend.
Signals can be calculated on closing price, open price, high price, low price,..
For scalping purposes, the default settings work quite well.
For day trading and swing trading, set the ADX value to 50 or more. This will increase the indicator’s profitability.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
The GBP/AUD 5-Minute chart below displays the Super ADX Buy/Sell Metatrader 4 Forex Signals indicator in action.
Basic Trading Signals
Signals from the Super ADX Buy/Sell Forex Signals MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade when the super ADX indicator histogram bars changes color from red to blue. The ADX trend is now bullish.
Place a stop loss below support or use your own preferred SL method.
Take profit at an opposite sell signal or at fixed profit target.
Sell Signal: Open a sell trade when the super ADX indicator histogram bars changes color from blue to red. The ADX trend turned now bearish.
Place a stop loss above resistance or use your own preferred SL method.
Take profit at an opposite buy signal or at fixed profit target.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (period indicator, bars for average, applied price) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Copy and paste the iADX_Advanced_Histo_v1.0.ex4 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)