ADXm Smoothing - MTF - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

ADXm is a variant of the well-known ADX indicator.

Unlike the directional ADX indicator (the value of ADX itself does not show the direction of the market, but only whether a certain level has been reached), the ADXm indicator attempts to correct this and also shows the direction of the market trend.

One more thing added in this version: in order to use the slope of ADXm as a signal, ADXm is also smoothed using Jurik smoothing. This way, the number of false signals is reduced and (because Jurik smoothing reacts very "fast" to value changes) the lag is minimized.

Additionally, this version (with ADXm Smoothing ) is designed to have multiple timeframe capabilities. In addition to all available timeframes supported by MetaTrader 5, there are 3 "special" timeframes:

The "Special" time range automatically selects the target time range based on the current chart time range.

Attachment download

📎 adxm_smoothed_mtf.mq5 (26.08 KB)

Source: MQL5 #20643