Introduction to the ADX VMA Trend Indicator
The ADX VMA Trend indicator uses adxvma steps to show the trend and its strength.
The values can be smoothed using one of the 5 smoothing types:
- simple moving average
- exponential moving average
- smoothed moving average
- linear weighted moving average
- adxvma average
Red bars reflects bearish trend and green bars reflects bullish trend.
The indicator is displayed in a separate window placed just below the main trading chart. It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the ADX VMA Trend indicator in MT5?
Copy and paste the adx-vma-trend-indicator.mq5 or adx-vma-trend-indicator.ex5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The ADX VMA Trend indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
ADX VMA Trend Indicator Free Download
To download the ADX VMA Trend Indicator for Metatrader 5 (MT5) for free just click the button below: