Admi takes a specific position among the technical analysis tools. It is tested on time and shows good trading results. This popular indicator does not require deep market knowledge from the trader. Even beginners can easily use it. In the field of application, ADMI refers to universal tools. This means that it can be used in trading without any restrictions on currency pairs and time frames. In MT4, the indicator is set according to the usual pattern. Its algorithm uses two-pointer readings. The main one is ADX. And to reduce the percentage of false signals, a moving average is used. To use any pointer effectively, you need to understand its settings.
ADMI
As I mentioned above, ADX and MA are used in the algorithm of this indicator. Therefore, all variables are related to their settings. “Period-ADX” and “Apply to” – here we determine the period of the main indicator, as well as the type of price. The parameter name “Power-trend” speaks for itself. This variable is designed to spell out the power of the trend. Once this objective is reached, ADMI will start looking for signals to open trading positions. The following three parameters refer to the moving average settings, which is the filter for ADX signals: “Period-MA”, “Shift”, “Method-MA” and “Apply to”. Well and last variable is used to indicate how many candles should be used in its calculations – “Recount-bars”.
ADMI signals
They are read very simply because they appear in the chart as arrows of blue or red color.
If the arrow is painted blue and facing up, it means that the market has created favourable conditions for opening a BUY order. If the arrow is painted red and facing down, indicates the appearance of the signal to open a SALES quote. Active order can be closed when the opposite signal is traded on the chart. In order to improve trading performance, we need to find an additional technical analysis tool for the market. Despite the fact that popular indicator ADMI is successfully used by many traders, it is important to trust only its own assessment. You can get it if you test the indicator in demo trading. Download ADMI Inga Fedorova 14.02.2021 Record popular ADMI Indicator First appeared magazine for forex traders | forex-for-you.ru.