Advanced ADX Indicator
MT4 Trend TradingFree DownloadThe Advanced ADX Indicator draws colored signal histogram bars that measure the strength of the trend. The ADX abbreviation stands for the Average Directional Index. Green ADX histogram bars suggest the trend is considered bullish, while red ADX bars suggest the trend is considered bearish. It’s better to use that forex indicator as a filter, than a standalone trading tool.
Example trade with the Advanced ADX Indicator
Below is the screenshot of an example trade with the Advanced ADX Indicator.
Generally speaking, one should initiate a new buy trade when the Advanced ADX forex indicator signal changes from red to green. Conversely, one should initiate a new sell trade when the Advanced ADX forex indicator signal changes from green to red. In the example above, we place a sell signal, because the signal changed from green to red. Then the price has fallen meaningfully.
