The ADX calculated in MT4 with period 14 id different than ADX calculated by tradingviews.com chart or investing.com chart. Why is it
so? Can any body knows this?
About ADX on MQL5 portal (with formulas and explanation about 'why' and so on) -
Forum on trading, automated trading systems
and testing trading strategies
ADX of MT4 doesn't
give same result as ADX of VT Trader
Rashid Umarov, 2009.01.06
Rashid Umarov, 2009.04.27
How To Trade: ADX 50 trend trading strategy (adapted from the
Finding a strong directional move is the first priority of any trend trader. However, when having to select a currency pair to trade, it
can be difficult to identify the best trends. For the ADX 50 strategy we will be using the ADX (Average Directional Index) indicator
for this process. First, add a 14 period ADX to the 4Hour chart, using Daily periods.
Remember, ADX is not identifying the direction of the trend, only its intensity. If a currency pair’s trend is weak or if the pair is
consolidating, ADX will read significantly lower than a strong directional market. For the ADX 50 strategy, we will only be
looking for currency pairs with an ADX value of over 50! If Daily ADX reads over 50, you can then begin to move to the execution phase of
Once a strong trend is found, it is time to plan an entry into the market. The ADX 50 trend trading strategy uses an RSI (Relative
Strength Index) indicator with a 14 period setting on a 4Hour chart.
Yeah, I got my answer.
Thanks for the help.