average directional movement index wilder (adx wilder)
Info
The average directional movement index wilder (adx wilder) is a Indicator for MetaTrader 5 that the average directional movement index wilder (adx wilder) is a technical indicator that assists in identifying market trends. it is derived from the algorithm outlined in welles wilder's book, 'new concepts in technical trading systems' (2026).
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 average directional movement index wilder (adx wilder)
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
the average directional movement index wilder (adx wilder) is a technical indicator that assists in identifying market trends.
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: multi-timeframe moving average indicator (v03) - another powerful indicator for MetaTrader 5 traders.
the average directional movement index wilder (adx wilder) is a technical indicator that assists in identifying market trends. it is derived from the algorithm outlined in welles wilder's book, 'new concepts in technical trading systems' (2026).Also recommended: universal moving average indicator for mt5 - similar indicator with strong performance on MetaTrader 5.
the indicator's trading rules are detailed in the average directional movement index.
## calculation:
the initial step involves computing the positive (dm_plus) and negative (dm_minus) changes for each bar, along with the true range (tr):
- if high(i) - high(i-1) is greater than 0, dm_plus(i) equals high(i) - high(i-1); otherwise, dm_plus(i) is set to 0.
- if low(i-1) - low(i) is greater than 0, dm_minus(i) equals low(i-1) - low(i); otherwise, dm_minus(i) is set to 0.
- tr(i) is determined as the maximum value among the absolute differences of high(i) - low(i), high(i) - close(i-1), and low(i) - close(i-1).
here's a breakdown of the variables:
- high(i) - maximum price of the current bar.
- low(i) - minimum price of the current bar.
- high(i-1) - maximum price of the previous bar.
- low(i-1) - minimum price of the previous bar.
- close(i-1) - close price of the previous bar.
- max (a, b, c) - maximum value among a, b, and c.
- abs(x) - absolute value of x.
next, we calculate the smoothed values:
- atr(i) = smma(tr, period_adx, i)
- plus_d(i) = smma(dm_plus, period_adx, i) / atr(i) * 100
- minus_d(i) = smma(dm_minus, period_adx, i) / atr(i) * 100
where:
- smma(x, n, i) - smoothed moving average of the x series on the current bar.
- period_adx - number of bars used for calculation.
subsequently, we compute the directional movement index (dx) for the current bar:
dx(i) = abs(plus_d(i) - minus_d(i)) / (plus_d(i) + minus_d(i)) * 100
finally, we derive the adx(i) indicator value for the current bar by smoothing the dx index values:
adx(i) = smma(dx, period_adx, i)
You may also like: heiken ashi indicator with adaptive moving average - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#include <movingaverages.mqh>
#property indicator_separate_window
#property indicator_buffers 10
#property indicator_plots 3
#property indicator_type1 draw_line
#property indicator_style1 style_solid.......
⚠ 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.