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ADX Analyzer Board Indicator

35 USD

Demo downloaded: 5

Published: 18 May 2023

Current version: 1.1

ADX Analyzer Board Indicator

Indicators
Raul Canessa Castameda
Raul Canessa Castameda
1977

Costa Rica

1933
4.5 (2)
My name is Raúl Canessa Castañeda, I am 45 years old and I work part-time developing indicators and EAs for the Metatrader 4 and Metatrader 5 platforms. I recently started developing custom indicators for sale in the MQL5 market. I have more than 5 years of experience as a Forex trader and MQL4 and

12 products 5 codes 1 comment
Version: 1.1
Updated: 3 July 2023
Activations: 5

ADX Analyzer is a simple dashboard type indicator that displays the values of the ADX oscillator on multiple instruments and time frames chosen by the trader. The ADX is a trend strength indicator that is usually used in many trading strategies, especially in trend following systems, as a filter that indicates when the price has a strong bullish or bearish trend. This indicator and its dashboard can be configured to show signals when the ADX detects a strong bullish/bearish trend, when a strong trend is losing steam or markets where there is not a strong trend. The ADX Analyzer also displays alerts that tell the trader when a strong trend is beginning to develop in a given market. This tool is simple and easy to set up.

When the indicator is triggered, its signals are initially displayed as bullish green arrows or bearish red arrows above the price bars. These arrows indicate the periods in which there is a strong trend (ADX>25) either bullish (+DI>-DI) or bearish (-DI>+D+). If desired, the trader can view a dashboard with ADX signals in selected instruments and time frames. You can also trigger alerts that tell you which market is developing a strong trend.

By itself, this analysis tool should not be used as a trading system since ADX signals are not 100% reliable (any market trend can change at any time), as is the case with any technical indicator, but it is a useful support tool.

The parameters that can be configured in ADX Analyzer are the following:

ADX Indicator Period: It is the value of the lookback period used to calculate the value of the ADX (Default value: 14).
Price Applied in ADX Calculation: It is the price type used to calculate the ADX (Default value: Close Price).
Strong Trend ADX Level: This is the ADX level above which the market trend is strong. (Default value: 25).
ADX Level Indicating Market Without Trend: This is the ADX level below which the market trend is weak. (Default value: 20).
Display ADX Board For Different Time Frames: Through this setting we indicate if we want the ADX Analyzer to show a dashboard of ADX values for different markets and time frames.
List of Markets (Instruments): Here the trader indicates the markets or currency pairs in which he wishes to calculate the ADX values. You can add as many currency pairs and instruments offered by the broker on its platform. By default, the indicator shows EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURJPY and GBPJPY pairs.
List of Time Frames: In this parameter we can indicate in which time frames we want to calculate the ADX indicator and its signals for each currency pair. We can aggregate all the time frames that MT4 offers. By default, the indicator displays frames M5, M15, M30, H1, H4, D1 and W1.
Strong Bearish Trend Color: Here we can change the color that indicates on the dashboard when there is a strong downtrend. (Default value: red)
Strong Bullish Trend Color: Here we can change the color that indicates on the dashboard when there is a strong uptrend (Default value: green).
Color of Bearish Market Losing Strenght: This parameter allows the trader to change the color that indicates on the dashboard when a strong downtrend is losing momentum (default value: orange).
Color of Bullish Market Losing Strenght: This parameter allows the trader to change the color that indicates on the dashboard when a strong uptrend is losing momentum (default value: sky blue).
ADX Indicator Signals: Through this last setting we can activate the ADX Analyzer alerts.

-To add new currency pairs in Markets, we write the symbol of the pair, for example XAUUSD, without the “/” symbol and separated by a comma (no spaces).

-Signals of changes in the trend strength are shown by changes in the color of the ADX boxes. When the ADX indicates a strong bearish trend the box turns red and when the market is in a strong bullish trend the box turns green.

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Screenshot #1 ADX Analyzer Board Indicator

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Screenshot #4 ADX Analyzer Board Indicator

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RSI Signals is a simple dashboard type indicator that displays the values of the RSI (Relative Strength Index) oscillator on various instruments and time frames chosen by the user. In addition, it can be configured by the trader to show signals when the RSI is in an overbought/oversold condition, when it crosses these levels or when it crosses the 50 level, which is important in some strategies. It is simple and easy to set up. By itself, it should not be used as a trading system since RSI signa

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The Moving Average Crossover Dashboard indicator is a technical tool that displays the crossovers of 2 selected moving averages on the price chart indicating whether it is a bullish or bearish crossover. In addition, as its name indicates, it shows a signal dashboard that indicates in which market and time frame a crossover of the two moving averages occurs. In the setting window the user can select the markets and time frames that can be displayed on the dashboard. You also have the option

45 USD

The Magic MA Moving Average Indicator is a market analysis tool that has more than 30 types of moving averages that the trader can use to gauge the market trend. Among the types of moving averages that the trader can visualize are the most common MAs (SMA, EMA and SMMA), adaptive moving averages such as FRAMA and KAMA and other MAs based on innovative calculation and analysis methods such as LSMA, ZLEMA and others. The indicator is designed to display all these moving averages on a single cha

45 USD

Stochastic Signals is a simple dashboard type indicator that displays the values of the stochastic oscillator on various instruments and time frames chosen by the user. The stochastic is usually used in many trading strategies, especially in countertrend systems when the price reaches overbought/oversold conditions. In addition, this indicator can be configured by the trader to show signals when the stochastic oscillator is in an overbought/oversold condition, when it crosses these levels or whe

35 USD

Williams R Scanner Indicator is a technical tool for Metatrader 4 designed to display a simple dashboard showing the values of the Williams %R oscillator across multiple markets and time frames of the trader's choosing. The dashboard also shows when the Williams %R indicator reaches an overbought or oversold condition which may precede market reversals. The trader also has the option of viewing signal alerts on the platform that indicate when the Williams %R has made a bullish or bearish cross

35 USD

The Donchian Scanner Signals Indicator with is a powerful tool designed for traders operating in the financial market using the Metatrader 4 platform. This indicator combines the popular Donchian Channels strategy with advanced signalization and real-time alert features, providing a clear view of potential entry and exit points in a financial asset. Key Features: Donchian Channels Visualization: The indicator graphically displays Donchian Channels on the price chart. These channels are formed us

50 USD

MA Trend Following Indicator for MT4 is a simple technical analysis tool designed to follow the trend in any currency pair chosen by the trader by combining 3 moving averages on two different time frames, one long term and one short term. It basically provides a bullish or bearish signal when the moving averages on one time frame align with the moving averages on a different time frame to have a confluence signal. The indicator is presented as a screener with multiple currency pairs (that th

45 USD

The Mean Reversal Indicator for MetaTrader 4 is a custom technical tool that identifies when the market reaches an n-period high or low, signaling potential mean reversion opportunities. Acting as a versatile screener, this indicator enables traders to detect n-period highs/lows across any selected timeframe and market offered by the broker, making it highly adaptable for multi-market or multi-timeframe analysis. Additionally, the Mean Reversal Indicator offers optional signal filters, including

40 USD

RSI Screener for MT5 is a simple dashboard-type indicator that displays the RSI (Relative Strength Index) oscillator values on different instruments and time frames chosen by the user. In addition, it can be configured by the trader to show signals when the RSI is in overbought/oversold condition, when it crosses these levels or when it crosses the 50 level, which is important in some strategies. It is simple and easy to configure. On its own, it should not be used as a trading system since RSI

35 USD

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ADX Analyzer Board Indicator

Raul Canessa Castameda