ADXDMI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Modified version of the popular ADX indicator. There is no difference line (literally the DMI indicator), in the form of a colored cloud.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on September 13, 2007.
Figure 1. ADXDMI indicator
Attachment download
📎 adxdmi.mq5 (6.64 KB)
Source: MQL5 #15675
ADXDMI - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
ADXDMI - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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