New smoothed multi-timeframe version of average directional index (ADX) indicator originally developed by Bill Williams.
This system attempts to measure the strength of price movement in positive and negative direction using the DMI+ and DMI- indicators along with the ADX.
The what’s new to original one:
I added here multiple timeframe support so you can see higher timeframe on current chart.
Parameters to smooth the indicator to reduce noise.
Alerts with arrows so you can use your time more effective.
TimeFrame – timeframe of indicator (current by default)
ADXPeriod – period of adx
ADXPrice – price type of adx
Signal_Swing_Mode – signals swing mode to catch opposite signals
Signal_Method – signals formula
IndicatorSmooth – amount of smooth (1-off)
IndicatorSmoothMethod – smooth formula
DrawBars – amount of bars to draw indicator data
PopupAlert – enable terminal alert windows
SoundAlert – enable sound alerts
ArrowsOnChart – enable draw arrows on price chart
IndicatorArrows – enable draw arrows on indicator sub window
SMSPushAlert – Push alerts to your phone
EmailAlert – Email alerts to your phone
Buy_ArrowColor – color of buy arrows
Sell_ArrowColor – color of sell arrows
Arrows_Width – width of signal arrows
ADX_Line – color of ADX line
DIP_Line – color of +DI line
DIN_Line – color of -DI line
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder