ADX_Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

The ADX Trend Signal indicator analyzes the values ​​of the three ADX indicators and sets the signal pointer.

There are seven configurable parameters:

The signal pointer is set if:

ADX1_1 < ADX1_0 and ADX2_1 < ADX2_0 and ADX3_1 < ADX3_0 and ADX1_0 > Level 1 and ADX2_0 > Level 2

ADX1_1, ADX1_0 - ADX (first ADX period, MAIN_LINE) on bars 1 and 0
ADX2_1, ADX2_0 - ADX on bars 1 and 0 (second ADX period, MAIN_LINE)
ADX3_1, ADX3_0 - ADX (third ADX period, MAIN_LINE) on bars 1 and 0

DMI = PDI - MDI
PDI = ADX(first ADX period, PLUSDI_LINE)
MDI = ADX (first ADX period, MINUSDI_LINE)

Figure 1. ADX trend, pointing to high/low points

Figure 2. ADX trend, pointer to the open

Attachment download

📎 adx_trend.mq5 (14.15 KB)

Source: MQL5 #22592