DMI ADX Histogram Oscillator Indicator
Platform: MT4 Type: Oscillator Last update: September 28, 2024The DMI ADX Histogram Oscillator Indicator for MT4 is, as the name suggests, a combination of the Average Directional Index (ADX) and the Directional Movement Index (DMI). As you probably know, the ADX measures the trend strength of an asset, and DMI defines its market direction. In the result, the indicator provides complex information about the trend.
To decide on a trade, you need to look at its histogram bars. When these bars are green, it means the trend is considered bullish. Similarly, red bars are an indication of a bearish trend.
