ADX Buy Sell Indicator
Platform: MT4 Type: Scalping Last update: October 18, 2024The ADX Buy Sell Indicator provides signals based on the Average Directional Index (ADX) – a well-known name among the top-rated forex indicators. These signals are presented in the form of arrows. A blue upward arrow below a candle suggests the buy signal and a red downward arrow above a candle is considered as the sell signal.
Due to the fact that this tool plots a lot of signals, it’s recommended to use it in conjunction with some kind of filter.
Example trade with the ADX Buy Sell Indicator
In the example above, we paired the ADX Buy Sell Indicator with the Trend Champion. One should only trade arrows provided by the ADX Buy Sell Indicator when it’s in the agreement with signals provided by the Trend Champion Indicator (clear uptrend or downtrend).
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