Best ADX for 4 Hour Chart
How to Add ADX Indicators in MT4 Charts
Step 1: Open the Navigator Window Panel on Software
Open Navigator window as shown & illustrated below - Go to 'View' menu (then click) & then choose 'Navigator' window (click), or From the Standard ToolBar click the 'Navigator' button or press keyboard short cut keys 'Ctrl +N'
On Navigator window, select 'Indicators', (DoubleClick)
Best ADX for 1 Hour Chart - Best ADX for 4 Hour Chart - Best ADX Indicator Settings for Day Chart XAUUSD
Adding ADX MetaTrader 4 Indicator
Expand the expand button (+) or double-click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the ADX indicator from this list of xauusd indicators so as to add the ADX indicator in the chart.
Best ADX for 1H Chart - Best ADX for 4 Hour Chart - Best ADX Indicator Settings for Day Chart Gold
How to Add Custom ADX Indicator to MT4
If the ZDX xauusd indicator you want to add is a custom indicator - for example if the ADX technical indicator you want to add is a custom ADX indicator you will need to first add this custom ADX technical indicator in the MT4 software and then compile custom ADX indicator so that the newly added ADX custom indicator pops up on the list of custom technical indicators in MetaTrader 4 platform.
To learn how to install ADX indicators in MT4, how to add ADX indicator window to MetaTrader 4 and how to add ADX custom indicator in MT4 - How to add custom ADX xauusd trading Indicator on MetaTrader 4.
ADX Indicator Described
ADX Analysis & ADX Trading Signals
ADX indicator is a momentum indicator used to determine the strength of price trend: ADX indicator is derived from the DMI - Directional Movement Index which has two lines.
+DI - Positive Direction Movement Index
–DI - Negative Direction Movement Index
ADX is calculated by subtracting these 2 values and applying a smoothing function.
Best ADX for 1H Chart - Best ADX for 4 Hour Chart - Best ADX Indicator Settings for Day Chart Gold
The ADX isn't a directional xauusd technical indicator but a measure of the strength of the price trend which has a scale of Zero to 100.
Higher the ADX technical indicator value the stronger the trend.
ADX value of below 20 demonstrates that the price is not trending but moving in a range.
ADX value of above 20 confirms a buy or sell signal and indicates a new trend is emerging.
Values above 30 demonstrates a strong trend.
When ADX indicator turns downward from above 30, it signals that the ruling trend is losing momentum.
ADX combined with DMI Indicator
Since the ADX alone is a directionless indicator it is combined with the DMI index so as to determine the direction of the price trend.
Best ADX for 15 Minutes Chart - Best ADX for 5 Minutes Chart - Best ADX for 1 Min Chart Gold
ADX and DMI Index
Best ADX for 15 Minutes Chart - Best ADX for 5 Minutes Chart - Best ADX for 1 Min Chart Gold
When the ADX is combined with DMI index a trader can determine the direction of the trend and then use the this ADX indicator to determine the momentum of the prevailing trend direction.
ADX Technical Analysis and How to Generate Trade Signals
Buy Trade Signal
A buy signal gets generated when +DI is above –DI, & the ADX indicator is above 20
The Exit signal is generated when the ADX indicator turns down from above 30.
Best ADX for 15 Minutes Chart - Best ADX for 5 Minutes Chart - Best ADX for 1 Min Chart XAUUSD
Sell Signal
A sell signal gets generated when –DI is above +DI, and the ADX technical indicator is above 20
The Exit signal is generated when the ADX indicator turns down from above 30.
Best ADX for 15 Minutes Chart - Best ADX for 5 Minutes Chart - Best ADX for 1 Min Chart Gold
