Smooth ADX - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The John Ehlers smoothing algorithm is applied to all three standard ADX ( Average Directional Movement Index ) indicator buffers.
The chart below shows that smoothed ADX contains less market noise than standard ADX.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on February 28, 2007.
Attachment download
📎 adx_smoothed.mq5 (8.9 KB)
Source: MQL5 #546
Smooth ADX - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Smooth ADX - 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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