Average Directional Movement Index with Standard Deviation
Info
The Average Directional Movement Index with Standard Deviation is a Indicator for MetaTrader 4 that average directional movement index with standard deviation. This indicator combines the ADX with its standard deviation to provide a more robust measure of trend strength and direction.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Average Directional Movement Index with Standard Deviation
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Average Directional Movement Index with Standard Deviation.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Zero Lag Moving Average - another powerful indicator for MetaTrader 4 traders.
Average Directional Movement Index with Standard Deviation.This indicator combines the ADX with its standard deviation to provide a more robust measure of trend strength and direction.
Also recommended: dynamic moving average - similar indicator with strong performance on MetaTrader 4.
Key Features:
- ADX calculation for trend identification.
- Standard Deviation of ADX for volatility and trend confirmation.
- Visual representation of trend strength and potential reversals.
This tool is designed to assist traders in identifying strong trends and potential turning points in the market. It is suitable for use on various timeframes and currency pairs. The ADX provides an indication of trend strength, while its standard deviation helps to filter out false signals and confirm the validity of the trend. Developed for MetaTrader 5 in 2026.
You may also like: moving average of oscillator (osma) - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_color1 gold
#property indicator_color2 green
#property indicator_color3 red
#property indicator_color4 aqua
extern int adxperiod = 5;// adx
extern int adxmode = 1;// 0=mode_sma; 1=mode_ema; 2=mode_smma; 3=mode_lwma.
extern int stdperiod = 3;// standard deviation .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.