ADX Bar - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The indicator changes the bar color to the color based on the calculated average ADX technical indicator of the current trend. If the trend and candlestick directions match, the color of the bar is light, if they are opposite, the bar is dark.
The indicator was originally written in MQL4 and first published in the code base of mql4.com on October 31, 2007.
Figure 1. ADX_BARS indicator
Attachment download
📎 adx_bars.mq5 (6.13 KB)
Source: MQL5 #2070
ADX column - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
ADX bar - 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 on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
