Smooth ADXm - 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.
Attachment download
📎 adxm_smoothed.mq5 (15.05 KB)
Source: MQL5 #20642
Smooth ADXm - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Smoothing ADXm - 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •