ADXVMA Histogram - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
ADXVMA is a new type of moving average.
It uses a modified ADX calculation to accommodate moving average calculations. The adaptation process is very efficient, filtering out a lot of noise in the market and producing smooth value over longer periods of time.
This is a binary version of the ADXVMA indicator: it does not display the value of ADXVMA on the chart, but only the status of the ADXVMA slope in the form of a histogram.
Attachment download
📎 adxvma_histogram.mq5 (12.98 KB)
Source: MQL5 #20745
ADXVMA Histogram - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
ADXVMA Histogram - 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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