Place and Add Average Direction Movement Index, ADX Trading Indicator on a Chart

This Lesson will describe how to add the Average Direction Movement Index, ADX on Forex charts on the MetaTrader 4 Platform. For Technical analysis: ADX Analysis.

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

Add Average Direction Movement Index, ADX - How to Add ADX in Chart in MT4

How to Add Technical Indicators on MT4 Charts

Step 1: Open Navigator Panel/Window on FX Platform

Open the Navigator window such as shown & portrayed below: Go to "View" menu (press on it), then choose/select "Navigator" window (press), or From Standard Tool Bar click "Navigator" button or press key board short cut keys "Ctrl+N"

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

How Can You Set Average Direction Movement Index, ADX in MT4 Charts?

Step 2: Expand the Technical Indicators Menu in the Navigator

Expand the indicator menu by clicking the protract(+) button marker (+) or doubleclick "indicators" menu, after that, this button key then will now be shown as (-) & will now show as a listing such as shown below.

Average Direction Movement Index, ADX on MetaTrader 4 Indicator List

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

Placing and Adding Average Directional Movement on a Chart

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

How Can You Set ADX on MT4 Charts? - Place ADX on Chart on MT4

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

How to Trade with ADX on MT4 - How to Add ADX on Forex Chart on MT4

Edit ADX Setting

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

Edit Average Direction Movement Index, ADX Settings on MT4

The following popup appears and ADX settings/properties can be altered and edited using this pop-up window.

Edit Properties Window for Editing Accumulation ADX Settings

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