Super ADX Indicator For MT4 & MT5 – FREE DOWNLOAD

The ADX (Average Directional Index) indicator is used to measure the strength of a trend and determine potential changes in market direction. The ADX indicator is one of the most widely used indicators by traders around the world, and for good reason.

It is available on most trading platforms, ADX Level Indicator including MT4, and can be a powerful addition to any trading strategy. However, like any technical indicator, it is important to understand how to use it effectively in order for it to be beneficial.

super adx mt4 indicator free

How do you use ADX indicator in MT4?

The main purpose of the ADX indicator is to check whether a market is trending or ranging. This information can help traders make informed decisions about when to enter or exit trades. A high ADX reading suggests a strong trend, DMI ADX Histogram while a low reading indicates a weak or non-existent trend.

ADX Calculation Method:

The ADX indicator is composed of three lines, the ADX line, +DI line (positive directional index), and -DI line (negative directional index). These lines are derived from two other indicators – the Positive Directional Movement Indicator (+DMI) and Negative Directional Movement Indicator (-DMI).

ADX Indicator

To calculate these lines, first, we need to find out the +DM and -DM values for each candlestick or bar on our chart. The +DM represents upward price movement, while -DM represents downward price movement.

Then, we use these values to calculate the difference Buy Sell Arrow between them (+DI = +DM / TR * 100; -DI = -DM / TR * 100). We take an exponential moving average (EMA) of these values over a set period (typically 14 periods).

ADX histogram indicator MT4

When using the ADX indicator, there are two important levels that traders should pay attention to 20 and 40. A reading below 20 indicates a weak trend or range-bound market conditions. In contrast, readings above 40 suggest a strong trend. Traders often look for opportunities to enter or add to their positions when the ADX crosses above 40.

Advanced ADX Indicator

Top Recommended ADX Indicators for MT4

The ADX indicator is a popular technical analysis tool that measures the strength of a trend in the market. It stands for Average Directional Index and is used to check potential entry and exit points for traders. The ADX indicator can be found in most trading platforms, including MT4 (MetaTrader 4).

  1. Wilder’s DMI (Directional Movement Indicator): Developed by J. Welles Wilder Jr., this is one of the most widely used indicators based on the ADX concept. It consists of three lines – +DI, -DI, and ADX line. The +DI line shows the buying pressure, while the -DI line shows selling pressure. The ADX line measures the overall strength of the trend.
  2. SuperADX: This is an enhanced version of the traditional ADX indicator developed by Karl Dittmann. It uses multiple time frames to give more accurate signals and has customizable settings to suit individual trading styles. SuperADX also includes an alert system that notifies traders when a strong trend is detected.
  3. Advanced ADX Indicator: This indicator was created by Andrew Cook and combines several indicators such as RSI, MACD, and Stochastic with ADX to provide a comprehensive view of market trends. It also includes color-coded arrows to indicate buy or sell signals based on different combinations of these indicators.
  4. True Strength Index (TSI) with Alerting System: This custom-made indicator uses TSI as its main component along with other filters like moving averages and Bollinger Bands to improve the accuracy of ADX signals. It also includes an alert system that can be set up to notify traders when a trend reversal is detected.
  5. ADX Crossover Alert: As the name suggests, this indicator alerts traders when the +DI and -DI lines cross over, indicating a potential change in trend direction. It also provides audio and visual alerts for added convenience.