Among the large number of indicators, which in our time are available to traders, there are technical analysis tools created for a very long time. These include the Popular ADX indicator. It can be found in the set of tools for analyzing the market, which are installed in the default MT4 trading platform. But today I want to offer you a modified version of ADX. It allows you to get more accurate signals to enter the market. In order to use this indicator, you need to install it in the shopping terminal. This is done according to the standard scheme. Next, go to the ADXM settings. The indicator has only two parameters: P and LEVEL. The period of the indicator curve is set using the P. P. Want to warn that its value depends on the timeframe. Level is a parameter that allows you to configure the level displayed in the indicator window. Even a novice trader can optimize these parameters. But for this you have to spend some time. The ADXM indicator is considered universal. This means that it can be used to earn money in trading by any currency pairs and at different time periods.
Rules for opening trade orders
On the chart of traded currency pair The indicator is displayed in a separate window:
The main line of the indicator changes its color depending on the change in the market situation. Due to this, the trader can easily track the incoming signals for opening trading positions. If the line changes its color With red on blue, it is considered as a signal to open the BUY order. If the line, previously painted in blue, has become red, then this means that you can open the sell order. Orders limiting a possible loss (stop-loss), place near the local extremum. The ADXM indicator can also be used to close active trade transactions. If a purchase order is opened, then the profit can be fixed when the color is changed with a blue curve to red. If an order for sale is open, A decision on its closure is accepted when the line color is changed from red to blue. This indicator can be the basis of a trading strategy. Enough to add another market analysis tool. It should be selected during testing of the indicator on the demo account. And of course, for profitable trading, it is necessary to follow risk reduction rules. Download The indicator file can be downloaded by this link: ADXM Inga Fedorova 14.11.2021 Forex recording ADXM indicator for MT4 first appeared forex-for-you.ru. .