ADX BARS MT4 Trading Indicator

Forex ADX BARS MQ4 Trading Indicator – Paints the bars in the color corresponding to the current trend. Based on ADX, it can be used to help measure the overall strength of a trend.

Trading NOTES

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The ADX indicator is an average of expanding price range values. The ADX is a component of the Directional Movement System developed by Welles Wilder.

The ADX identifies a strong positive trend when the ADX is over 25 and a weak trend when the ADX is below 20.

Investors can determine directional movement by analyzing the difference between two consecutive low prices and their correlated highs.

The movement is +DM when the current high price, less the previous high price, is greater than the previous low price less the current low. The opposite applies in determining the negative or –DI.

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