The ADX indicator is a popular indicator. ADX indicator used in technical analysis as an objective value for the strength of trend. ADX is non-directional and it will quantify a trend’s strength regardless of whether it is up or down. ADX is usually plotted in a chart window along with two lines known as the DMI (Directional Movement Indicators). ADX is derived from the correlated of the DMI lines.

ADX indicator for metatrader

The ADX indicator (average directional index) is used to determine when price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend may be your friend, but it sure helps to know who your friends are.

ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used. ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures.

ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADXis non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two directional movement indicator (DMI) lines, from which ADX is derived

We have wide range of cat1, cat2 and cat3 based indicators. You will browse cat2 indicators, cat1 indicators and cat3 indicators. You might find out other name type indicators that might suite your trading needs.

We will always try to share various forex freebies, trading indicators, expert advisors and trading strategies to its users. And we will ensure that you will get the latest metatrader indicator like mt4 indicators, mt5 indicators as well as other forex indicators of different platforms in a single place.

We always wish your trading success. You are always welcome to share your thoughts, ideas and comments for the betterment of our website.