ADX Highly Accurate
- Indicators
-
Deepak
Welcome to Deepak Fx Trader. I’ve seen countless people step into the trading world with big dreams, only to get lost without a clear path or the right technical guidance. I build advanced Expert Advisors, Indicators, and Trading Utilities to give you that exact direction. True success in trading - Version: 1.0
ADX Trend and Momentum Indicator
Only for Today Offer EA: Overlap King Gold
TODAY IS MY MOM B’DAY SO THAT IS WHY I’LL DROP THE PRICE $30 TO FREE... TODAY. SO PLEASE COMMENT B’DAY WISH FOR MY MOM. THANKS
The ADX Trend and Momentum Indicator is a technical tool designed to assist traders in identifying market direction, evaluating momentum strength, and distinguishing trending conditions from consolidation phases.
The indicator is based on the standard Average Directional Index (ADX) combined with Directional Movement Indicators (+DI and -DI). It visualizes trend states directly on the chart using color-coded lines, directional signal arrows, and an on-chart information dashboard.
Features
-
Color-Coded Trend Line: The ADX line changes color according to trend direction and preset momentum thresholds (Green for potential bullish movement, Red for potential bearish movement, and Orange for ranging/consolidation conditions).
-
Multi-Level Signal Arrows: Displays chart arrows indicating stronger or developing directional moves, as well as potential exit points based on momentum decline.
-
Consolidation Filter: Uses an adjustable Level Range threshold to identify low-momentum phases and reduce exposure to choppy market conditions.
-
On-Chart Dashboard: Displays numerical readings for ADX, +DI, and -DI, along with their current direction (Rising, Falling, or Flat).
-
Alert System: Provides standard terminal alerts for directional signals, momentum exits, and DI threshold boundaries.
Signal Logic and Usage
-
Bullish Entry Signal: Triggers when the +DI crosses above the -DI and the ADX crosses above the user-defined Trend Level (default: 35).
-
Bearish Entry Signal: Triggers when the -DI crosses above the +DI and the ADX crosses above the user-defined Trend Level.
-
Early/Developing Signals: Indicate that a directional move is forming but has not yet crossed the upper momentum threshold.
-
Exit Signal: Indicates that the ADX value is declining or falling back below the threshold, signaling potential loss of momentum.
Adjustable Input Parameters
-
ADX Smoothing: Period setting for the ADX smoothing calculation (Default: 14).
-
DI Length: Calculation period for +DI and -DI (Default: 14).
-
Level Range: Threshold level used to define consolidation or weak trend conditions (Default: 20).
-
Level Trend: Threshold level used to confirm stronger directional momentum (Default: 35).
-
Dashboard Settings: Option to enable/disable the dashboard display, modify screen coordinates, and change text size.
-
Alert Settings: Toggle sound and pop-up notifications for signals and boundary levels.
Product Details
-
Version: 1.00
-
Applicable Timeframes: M15, H1, H4, D1
-
Applicable Instruments: Forex pairs, Gold (XAUUSD), Indices, Cryptocurrencies
Risk Disclosure: Trading leveraged financial instruments involves substantial risk and can result in the loss of invested capital. Past performance does not guarantee future results. This indicator is a technical analysis utility and does not constitute financial or investment advice. Always test trading tools in a demo environment prior to live deployment.
(You can view my seller profile on MQL5 for more trading tools and utilities).
