ADX Trend MTF Buy/Sell Indicator
Platform: MT4 Type: Trend Last update: October 6, 2024The ADX Trend MTF Buy/Sell forex indicator uses a custom formula to calculate its signals based on the ADX and Heiken Ashi technical indicators. You can set buy/sell arrows to appear on the chart.
That gauge falls into the category of trend-following forex indicators.
The signals provided are really simple to follow:
- Long entry – a green arrow represents a buy signal while the ADX trend takes positive values and is blue color.
- Short entry – an orange arrow represent a sell signal while the ADX trend takes negative values and is orange color.
An alternative way is to draw divergence trendlines and trade accordignaly.
