ADMIR
Info
The ADMIR is a Indicator for MetaTrader 5 that oscillator admir (average directional movement index rating) displays the ratio of adx lines from two average directional movement index indicators with varying calculation periods. This indicator has three input parameters:- ADX Period: The calculation period for the first ADX.
Usage
This tool is typically used for enhancing chart analysis and decision making.
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 ADMIR
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
Oscillator ADMIR (Average Directional Movement Index Rating) displays the ratio of ADX lines from two Average Directional Movement Index indicators with varying calculation periods.
Typical Use Case
This Indicator excels in automated trading and technical analysis 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: zig zag color indicator - another powerful indicator for MetaTrader 5 traders.
Oscillator ADMIR (Average Directional Movement Index Rating) displays the ratio of ADX lines from two Average Directional Movement Index indicators with varying calculation periods.Also recommended: wildhog - similar indicator with strong performance on MetaTrader 5.
This indicator has three input parameters:
- ADX Period: The calculation period for the first ADX.
- Difference: The difference between the calculation periods of the first and second ADX.
- Applied Price: The price used for calculations.
The formula for the indicator is as follows:
ADMIR = (ADX1 / ADX2) * 100
where:
- ADX1 is the first ADX value with the specified ADX Period.
- ADX2 is the second ADX value calculated with a period of (ADX Period + Difference).
You may also like: pivot points lines . 1 - 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.