SC MTF Adx for MT5 with alert

5
Average Directional Movement Index (ADX) indicator with multi-timeframe support, customizable visual signals, and configurable alert system.

Freelance programming services, updates, and other TrueTL products are available on my MQL5 profile.

Feedback and reviews are highly appreciated!

What is ADX?

The Average Directional Movement Index (ADX), developed by J. Welles Wilder, is a technical indicator used to measure the strength of a trend, regardless of its direction. The ADX is derived from the Positive Directional Indicator (+DI) and Negative Directional Indicator (-DI), but it does not indicate trend direction�only the strength.

ADX values range from 0 to 100. Generally, values below 20-25 suggest a weak or non-existent trend (ranging market), while values above 25 indicate a strong trend. Values above 50 suggest a very strong trend. The ADX is particularly useful for identifying whether the market is trending or ranging, helping traders decide whether to use trend-following strategies or range-bound strategies. Unlike directional indicators, ADX rises when either uptrends or downtrends strengthen.

Features:

  • Visual signal markers with arrows and vertical lines
  • Three independent signal buffers with configurable triggers
  • Signal detection options: direction change, level cross, peak/valley
  • Configurable alert functions for each signal (email, push, sound, popup)
  • Multi-timeframe (MTF) capability with interpolation methods
  • Histogram or line drawing mode
  • Multiple color modes (simple, direction-based, level-based)
  • Custom indicator call (iCustom) buffer access for Expert Advisor (EA) integration

Input Parameters:

  • Basic Settings:
    • ADX bar shift: Offset the line drawing by specified number of bars.
    • ADX Period: Number of periods for ADX calculation (default: 14).
    • ADX timeframe: Choose timeframe for MTF display.
    • MTF Interpolation mode: Select smoothing method (Off, Linear, Smooth, Weighted, Simple Moving Average).
  • Levels Settings:
    • Show level: Toggle level line visibility.
    • Adjust level value: Set custom level position (default: 25, typical threshold for trend strength).
    • Level appearance: Customize color, style, and width.
  • Signal Settings:
    • Signal 1/2/3 trigger: Configure detection type (direction change, level cross, peak/valley).
    • Visual markers: Enable arrows and vertical lines with customizable size, style, and position.
    • Arrow customization: Set Wingdings codes and colors for up/down signals.
  • Alert Settings:
    • Alert timing: Choose when alerts trigger (Off, After close, Before close, Both).
    • Alert interval limit: Set minimum minutes between repeated alerts.
    • Time range filter: Restrict alerts to specific hours.
    • Delivery methods: Enable email, push, popup, and sound notifications.
  • Color and Style Settings:
    • Color mode: Select from multiple modes (simple, direction-based, level-based).
    • Histogram mode: Switch between line and histogram display.
    • Line appearance: Customize colors (4 per line), style, and width.
Reviews 6
amarpalsaran
15
amarpalsaran 2024.12.27 13:17 
 

Extremely useful, works very well, better than default indicator. Well done, great job.

O_Factura
59
O_Factura 2022.09.21 01:20 
 

Happy that I found this indicator! Having ADX alerts dispatched from a VPS is very useful. Thanks to the author for making this available.

MarketWatch27378757
152
MarketWatch27378757 2022.01.22 00:16 
 

great!

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MERAVITH SCANNER is a professional financial market indicator for MetaTrader 5 that consolidates multiple analytical tools into one integrated system. It performs all calculations automatically using a proprietary volume-weighted average price methodology, eliminating subjective interpretation entirely. This indicator contains features that may not supported by the MetaTrader current testing environment The indicator works on all asset classes (Forex, Stocks, Indices, Commodities, Cryptocurrenc
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amarpalsaran
15
amarpalsaran 2024.12.27 13:17 
 

Extremely useful, works very well, better than default indicator. Well done, great job.

O_Factura
59
O_Factura 2022.09.21 01:20 
 

Happy that I found this indicator! Having ADX alerts dispatched from a VPS is very useful. Thanks to the author for making this available.

MarketWatch27378757
152
MarketWatch27378757 2022.01.22 00:16 
 

great!

Dhany Esperanza
678
Dhany Esperanza 2021.02.28 05:45 
 

Very good substitution for default MT5 ADX indicator. Comes with all alert types and customized colors based on level and directions. Wish Krisztian keep developing and optimizing for speed, at least monitoring it, for sometimes MT5 requires an indicator to be recompiled. Thumbs up!

Valentin Butorin
4144
Valentin Butorin 2020.10.01 17:21 
 

User didn't leave any comment to the rating

A. Forex
269
A. Forex 2019.05.05 11:12 
 

Super! Thanks for the great job!

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