ADX Multicurrency Scanner Dashboard for MT4/MT5

Complete User Documentation for MT4/MT5

1. OVERVIEW

The ADX Multicurrency Scanner Dashboard is a multi-symbol, multi-timeframe market scanner for MT4/MT5 that uses the Average Directional Index (ADX) and Directional Indicators (+DI / -DI) to detect trend strength and directional signals.

Who Should Use It: This tool is ideal for traders who want to monitor many symbols at once without opening multiple charts. It works well for scalpers, day traders, and swing traders who want ADX-based signals with optional confluence confirmation.

Main Benefit: You get a single dashboard that shows BUY/SELL signals across your watchlist and enabled timeframes in real-time, with alerts when new signals or confluence setups appear.

2. INPUT PARAMETERS & SETTINGS

General Settings

ADX Settings

Individual Timeframe Signal Settings

Confluence Timeframe Signal Settings

Alert Settings

3. HOW IT WORKS

Understanding ADX (+DI / -DI)

ADX (Average Directional Index) measures trend strength, while +DI and -DI help indicate the direction. This scanner uses ADX and DI relationships to generate BUY/SELL signals depending on the selected Entry Strategy.

How Signals Are Generated

Step 1: Indicator Calculation The tool calculates ADX, +DI, and -DI using the selected ADX period.

Step 2: Entry Signal Detection Based on Entry Strategy

For ENTRYSTRATEGY1 (ADX crosses above level)

• BUY Signal: +DI is above -DI and ADX crosses above the ADX level.
• SELL Signal: +DI is below -DI and ADX crosses above the ADX level (opposite direction condition).

For ENTRYSTRATEGY2 (ADX crosses below level)

• BUY Signal: ADX crosses below the ADX level.
• SELL Signal: ADX crosses above the ADX level.

For ENTRYSTRATEGY3 (+DI / -DI crossover)

• BUY Signal: +DI crosses above -DI.
• SELL Signal: +DI crosses below -DI.

Step 3: Dashboard Display The scanner displays signals in a grid format:

• Rows: Symbols grouped by base currency (EUR, USD, GBP, etc.).
• Columns: Timeframes (M1, M5, M15, etc.).
• Green Up Arrow: BUY signal detected.
• Red Down Arrow: SELL signal detected.
• Number in parentheses = How many candles ago the signal appeared (0 = current candle, 1 = 1 candle ago, etc.).

Step 4: Confluence Analysis When multiple enabled confluence timeframes show the same direction for a symbol, a confluence alert can be triggered.

Step 5: Real-Time Updates + Buttons The dashboard updates automatically as new candles form. Use:

• Hide Panels / Show Panels: Toggle dashboard visibility.
• Pause Alerts / Resume Alerts: Temporarily stop alerts without changing your input settings.

4. RISK MANAGEMENT FEATURES

This scanner includes features that help reduce noise and improve decision-making (you must still apply your own risk management):

5. IMPORTANT NOTES & WARNINGS

Known Limitations

Settings Beginners Should NOT Change

Dashboard Usage Tips

1. Click Symbol Buttons: Click a symbol name to switch your chart and verify price action before trading.

2. Use Signal Age: Prefer fresher signals; the number in parentheses shows how many candles ago the signal appeared.

3. Use Confluence: Confluence alerts can help filter out weaker setups by requiring timeframe agreement.

4. Pause Alerts: Use Pause Alerts during news/high volatility if you want fewer notifications.

Quick Start Guide

1. Attach the indicator to any chart in MT4/MT5.
2. Set your Pairs List to the symbols you want to monitor.
3. Set Scan last N candle to control how deep the scanner searches for the latest signal.
4. Enable timeframes that match your trading style (and confluence timeframes if needed).
5. Set ADX period and ADX level based on your preference (14 and 20/25 are common starting points).
6. Choose Entry Strategy (Strategy 1/2 = ADX level cross, Strategy 3 = +DI/-DI crossover).
7. Enable alerts as needed (popup / push / email).
8. Watch the dashboard and use the signal age (number in parentheses) to avoid stale signals.