ADX Multicurrency Scanner MT4
- Indicators
- Biswarup Banerjee
- Version: 7.0
- Updated: 30 November 2024
- Activations: 10
ADX Multicurrency Scanner Dashboard MT4 is a powerful trading tool designed for traders who want to monitor multiple currency pairs and timeframes simultaneously using the Average Directional Index (ADX). It simplifies the process of tracking market trends, identifying confluence signals, and receiving real-time alerts, making it an indispensable asset for ADX-based trading strategies. The dashboard organizes signals in an intuitive grid format, displaying each symbol’s status across timeframes from M1 to MN1.
The tool displays signals based on the following ADX strategies:
- Trend Strength Strategy: Signals generated when ADX crosses above or below a specified level, indicating strong or weakening trends.
- PDI/MDI Crossover Strategy: Signals triggered when the Positive Directional Indicator (PDI) crosses the Negative Directional Indicator (MDI), suggesting directional momentum shifts.
You can find the MT5 version here: ADX Scanner MT5
For detailed documentation click here: Documentation
Key Features:
- Multicurrency & Multi-Timeframe Scanning: Scans a wide range of currency pairs, including major, minor, and exotic symbols, along with special instruments like BTCUSD and XAUUSD, across all timeframes from M1 to MN1, with flexible options to enable or disable specific timeframe scans.
- ADX-Based Strategies: Supports two customizable strategies—trend strength detection based on ADX level crossings and PDI/MDI crossovers for directional signals, offering versatility for various market conditions.
- Confluence Alerts: Identifies and highlights confluence signals when multiple timeframes align in the same direction, helping traders spot high-probability setups.
- Custom Alerts: Provides fully customizable alerts via pop-ups, email, or push notifications, ensuring traders never miss critical signals.
- Responsive Dashboard Design: Features an organized interface with tables displaying signals for symbols and timeframes, grouped by base currencies, with customizable colors and indications of how many candles ago signals appeared, dynamically resizing to fit any screen size.
- User Customization: Offers extensive options to adjust panel size, colors, text scaling, and filters for symbols, timeframes, and strategies, enabling tailored signal monitoring.
Note: The ADX Multicurrency Scanner Dashboard MT4 is a reliable tool for traders leveraging ADX strategies, providing actionable insights and a seamless trading experience. It is designed to detect and notify potential signals but does not place trades automatically for the user.
Check all my products: https://www.mql5.com/en/users/biswait50/seller
Contact me for support: https://www.mql5.com/en/users/biswait50
Interested in a free 7-day trial? Feel free to reach out to me via my profile section.