ADMIR Indicator for MT5

The ADMIR Indicator for MT5 is a forex oscillator whose name stands for Average Directional Movement Index Rating. It calculates the ratio between the ADX values of two Average Directional Movement Index indicators with different time periods.

Example chart:

admir indicator mt5 example chart

How to use the ADMIR indicator for MetaTrader 5?

The price is considered to be bullish when the line of the ADM Index Rating indicator goes up from a sustained low. Similarly, the price is considered to be bearish when the line of the ADM Index Rating goes down from a sustained high.

We do not recommend using that gauge as a standalone trading tool. Rather use it in conjunction with some other technical analysis forex indicators.

The formula for the Average Directional Movement Index Rating:

The calculations are based on the following formula:

ADMIR = (ADX1 + ADX2) / 2

where:

ADX1 – Average Directional Movement Index Period

ADX2 – Average Directional Movement Index Period + Difference

Settings

Take a look at available settings one can adjust:

  • ADX Period – defines the period for the first ADX
  • Difference – defines the difference between the period’s calculation of the first and that of the second ADX
  • Applied price – represents price used for calculations

Related products