Place Average Directional Movement Index, ADX Trading Indicator on Chart

This Lesson will explain how to place the Average Directional Movement Index, ADX indicator on Forex charts on the MT4 Platform. For Technical analysis: ADX Analysis.

ADX Indicator is a Leading Forex Indicator and is used by traders to determine if there is a trend on the chart, ADX Indicator Values above 20 indicate a strongly trending market & this is used by traders to determine when to open a trade - when ADX indicator values are above 20. ADX is also used by traders to determine when to close trades - if ADX indicator values go below 20 - this is used as an exit signal because it indicates the current trend is losing momentum.

Place Average Directional Movement Index, ADX Indicator - How to Place ADX Indicator in Chart in MetaTrader 4

How to Place Technical Indicators in MetaTrader 4 Charts

Step 1: Open Navigator Window on FX Trading Software

Open Navigator window as shown and portrayed below: Go to "View" menu (press on it), then choose "Navigator" window (press), or From Standard ToolBar click "Navigator" button or press key-board shortcut keys "Ctrl+N"

On Navigator panel, select 'Indicators', (Double-Press)

How Do You Place Average Directional Movement Index, ADX Indicator in MT4 Charts?

Step 2: Expand the Technical Indicators Menu on the Navigator

Expand the technical indicator menu by clicking the expand(+) button marker (+) or doubleclick "indicators" menu, after that, this button key will then now appear as (-) & will now show as a listing as illustrated below.

Average Directional Movement Index, ADX Indicator on MetaTrader 4 Indicator List

From the Above window you then can place any indicator which you as a trader want on the +trading chart.

Placing Average Directional Movement on a Trading Chart

Step 1: Select the Average Directional Movement Index button on the MetaTrader 4 list of indicators as shown below:

How Do You Place ADX Trading Indicator in MetaTrader 4 Charts? - Place ADX Indicator on Chart on MetaTrader 4

Step 2: Doubleclick ADX Button, & press okay button to insert the trading indicator on chart as shown and portrayed below:

How to Trade with ADX Indicator on MetaTrader 4 - How to Place ADX Indicator on Forex Chart on MT4

Edit ADX Indicator Setting

To Change Settings, rightclick in ADX, select properties & then edit property settings of trading indicator using pop-up menu that pops and press ok button after you have changed settings.

Edit Average Directional Movement Index, ADX Indicator Settings on MT4

The following popup appears and ADX settings can be edited from this popup window.

Edit Properties Window for Editing Accumulation ADX Indicator Settings

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