ad x trend
Info
The ad x trend is a Indicator for MetaTrader 5 that adx trend signal indicator analyzes the values of three adx indicators and sets signal pointers. there are seven configurable parameters:first adx period- first adx calculation periodsecond adx period- second adx calculation periodthird adx period- third adx calculation periodlelel 1- first adx threshold levellevel 2- second adx threshold levelapplied pricesignal point anchor- signal pointers' anchor pointhigh/low- by high/low signal levelsopen - by open prices of signal colorssignal pointers are set if:adx1_1 < adx1_0 и adx2_1 < adx2_0 и adx3_1 < adx3_0 и adx1_0 > lelel 1 и adx2_0 > level 2if dmi > 0, bearish (red) signal pointer is set if dmi < 0, bullish (green) signal pointer is set where:adx1_1, adx1_0 - adx(first adx period, main_line) on bar 1 and 0adx2_1, adx2_0 - adx(second adx period, main_line) on bar 1 and 0adx3_1, adx3_0 - adx(third adx period, main_line) on bar 1 and 0dmi = pdi - mdipdi = adx(first adx period, plusdi_line)mdi = adx(first adx period, minusdi_line)fig.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ad x trend
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
adx trend signal indicator analyzes the values of three adx indicators and sets signal pointers.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Multi-Timeframe Trend Dashboard MT5 - Professional EMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Multi-Timeframe MACD Dashboard MT5 - Professional Momentum and Trend Analysis - similar indicator with strong performance on MetaTrader 5.
adx trend signal indicator analyzes the values of three adx indicators and sets signal pointers.there are seven configurable parameters:
first adx period
- first adx calculation period
second adx period
- second adx calculation period
third adx period
- third adx calculation period
lelel 1
- first adx threshold level
level 2
- second adx threshold level
applied price
signal point anchor
- signal pointers' anchor point
high/low
- by high/low signal levels
open
- by open prices of signal colors
signal pointers are set if:
adx1_1 < adx1_0 и adx2_1 < adx2_0 и adx3_1 < adx3_0 и adx1_0 > lelel 1 и adx2_0 > level 2
if dmi > 0, bearish (red) signal pointer is set
if dmi < 0, bullish (green) signal pointer is set
where:
adx1_1, adx1_0 - adx(first adx period, main_line) on bar 1 and 0adx2_1, adx2_0 - adx(second adx period, main_line) on bar 1 and 0adx3_1, adx3_0 - adx(third adx period, main_line) on bar 1 and 0
dmi = pdi - mdipdi = adx(first adx period, plusdi_line)mdi = adx(first adx period, minusdi_line)
fig. 1. adx trend, pointers to high/low
fig. 2. adx trend, pointers to open
You may also like: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.