CA d X
Info
The CA d X is a Indicator for MetaTrader 5 that the oscillator comparative adx (ca d x) indicator measures the relative strength of trends based on smoothed values of five major currency pairs: eurusd, gbpusd, audusd, usdjpy, and usdcad, as well as the instrument on which the indicator is applied. USDCHF is excluded from the calculation due to its historical inverse relationship with EURUSD.
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 CA d X
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 oscillator comparative ADX (CA d X) indicator measures the relative strength of trends based on smoothed values of five major currency pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, and USDCAD, as well as the instrument on which the indicator is applied.
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: Spread Heatmap: Hourly Spread Analysis by Day and Time - another powerful indicator for MetaTrader 5 traders.
The oscillator comparative ADX (CA d X) indicator measures the relative strength of trends based on smoothed values of five major currency pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, and USDCAD, as well as the instrument on which the indicator is applied.Also recommended: Candle Timer Countdown for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
USDCHF is excluded from the calculation due to its historical inverse relationship with EURUSD.
This indicator has two parameters:
- Period: The ADX calculation period.
- Level Value: The threshold level value.
The formula for CA d X is:
CA d X = Current ADX / Average ADX(EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD)
Values above 1.0 (Level Value) indicate a stable trend.
Note: Upon initial launch or when switching timeframes, the indicator requires time to download historical data for all symbols on the current chart's timeframe. If ticks are unavailable for indicator line plotting, switching the timeframe once can help. Even with sufficient historical data, the indicator recalculates with each new tick (or when switching timeframes if ticks are absent).
You may also like: Trading Session Boxes Indicator for MT4/MT5 - 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.