XA D X
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use XA 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.
Description & Settings
In order to determine a trend stability J. Welles Wilder developed (ADX).
ADX allows to analyze market trends and make trading decisions, including FOREX market.
However, the look of this indicator leaves a lot to be desired - it is not visually convenient.
To improve that ColorXADX.mq5 indicator code has been created, in which +DI and -DI lines are displayed in style with the color that changes depending on the current trend direction and cloud width proportional to the trend power. ADX line is made in the form of dots. Their color depends on the trend power defined by location of these dots relative to the levels, the values of which are assigned in settings.
- simple moving average;
- exponential moving average;
- smoothed moving average;
- linear weighted moving average;
- JMA adaptive average;
- ultralinear smoothing;
- parabolic smoothing;
- Tillson's multiple exponential smoothing;
- smoothing with the use of Tushar Chande's algorithm;
- smoothing with the use of Perry Kaufman's algorithm.
It should be noted that Phase parameter has completely different meaning for different smoothing algorithms.
For JMA it is an external Phase variable changing from -100 to +100.
For T3 it is a smoothing ratio multiplied by 100 for better visualization;
For VIDYA it is a CMO period, for AMA it is a slow EMA period;
For AMA fast EMA period is a fixed value and is equal to 2 by default. The ratio of raising to the power is also equal to 2 for AMA.
The indicators use SmoothAlgorithms.mqh library classes (must be copied to the
terminal_data_folder
\MQL5\Include). The use of the classes was thoroughly described in the article .
ColorXADX indicator input parameters:
