Best ADX for 1H Chart

Adding MetaTrader 4 ADX Chart Indicator

Step 1: Open Navigator Window Panel on Software

Open Navigator window as illustrated and shown below: Navigate to "View" menu (click it) & then choose "Navigator" window (click), or From Standard Toolbar click "Navigator" button or press keyboard short cut keys "Ctrl +N"

On Navigator window, choose 'Indicators', (Double-Click)

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Adding ADX MetaTrader 4 Indicator

Expand the menu by clicking expand button marker (+) or double-click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the ADX indicator from this list of indicators so that to add the ADX indicator on chart.

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How to Install ADX MetaTrader 4 Indicator

If the ZDX technical indicator you want to add is a custom indicator - for example if the ADX indicator you want to add is a custom ADX indicator you will need to first add this custom ADX indicator on the MetaTrader 4 software & then compile the custom ADX indicator so that the newly added ADX custom technical indicator pops up on the list of custom indicators on the MetaTrader 4 software.

To learn how to install ADX indicators on MetaTrader 4, how to add ADX indicator panel to MT4 & how to add ADX custom indicator in MT4 - How to add custom ADX indicator in MetaTrader 4.

About ADX Indicator Tutorial

ADX Technical Analysis & ADX Signals

ADX indicator is a momentum indicator used to figure out the strength of price trend: ADX indicator is derived from the DMI - Directional Movement Index which has 2 lines.

+DI - Positive Directional Movement Index

–DI - Negative Directional Movement Index

ADX is calculated by subtracting these two values & applying a smoothing function.

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The ADX is not a directional indicator but a measure of the strength of the price trend which has a scale of Zero to Hundred.

Higher the ADX indicator value the stronger the trend.

ADX value of below 20 indicates that the price isn't trending but moving in a range.

ADX value of above 20 confirms a buy or sell signal and indicates a new trend is emerging.

Values above 30 indicates a strong trend.

When ADX turns down from above 30, it trading signals that the current trend is losing momentum.

ADX combined with DMI Indicator

Since the ADX alone is a directionless indicator it's combined with the DMI index to figure out the direction of the price trend.

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ADX and DMI Index

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When the ADX is combined with DMI index a trader can determine the direction of the trend and then use the this ADX indicator to determine the momentum of the prevailing trend direction.

ADX Technical Analysis & How to Generate Signals

Buy Signal

A buy trading signal is generated when +DI is above –DI, and the ADX indicator is above 20

The Exit signal is generated when the ADX indicator turns down from above 30.

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Sell Stock Signal

A sell signal is generated when the –DI is above +DI, and the ADX indicator is above 20

The Exit signal is generated when the ADX indicator turns down from above 30.

Best ADX for 15 Min Chart - Best ADX for 5 Min Chart - Best ADX for 1 Min Chart Indices