MT4 indicator (Advanced_ADX.mq4)

How to use Advanced_ADX indicator


Advanced_ADX sends 2 types of signals:

Buy - when the histogram is green.
Sell - when the histogram is red.

When Long, the trading rules are:
- as long as each new green histogram bar keeps rising, stay in a trade, no worries there.
- once the green histogram bar fails to make a new high - tighten you stop / or place a trailing stop while holding on to a trade.
- once the green has changed to red - exit. Also you'll exit earlier if the Stop Loss is hit.

Opposite for Short:
- as long as each new red histogram bar rises, stay in a Short trade.
- once the red histogram bar fails to make a new high - tighten you stop / or place a trailing stop while holding on to a trade.
- once the red has changed to green - exit. Also you'll exit earlier if the Stop Loss is hit.

Download indicator: Advanced_ADX.mq4