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Home Collection Stochastic ADX Smoothed
RMO Indicator
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Accelerator Decelerator Oscillator
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ADX Smoothed

The ADX Smoothed Indicator helps traders identify trends and potential entry/exit points. It uses Di+ and Di- crossovers to generate buy/sell signals and works in any timeframe. It offers clear signals and customisable settings for different trading styles.

Trading Style

Intraday

Indicator Type

Overbought & Oversold

Timeframe

Multi Timeframe

Platform

MT5

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Description

The ADX smoothed indicator works a lot like the conventional ADX. It enables traders to identify trends on the price chart. The ADX smoothed indicator evens out the signal line.

Features of the ADX Smoothed Indicator

The ADX Smoothed Indicator is a momentum oscillator that indicates a trend’s direction. The indicator functions like the conventional ADX (average directional index). It does, however, even out the signal line.

The indicator represents the entire market trend with three lines: ADX, Di+, and Di-. A crossover between Di+ and Di indicates an opportunity to trade. The overbought and oversold levels can also be found because this indicator varies from 0 to 100. The indicator’s benefit is that it functions in any time frame.

How the Indicator Can Benefit You

The indicator can give clear trade entry signals. These signals lie in Di+ and Di-crossovers. You can go long when Di+ crosses Di-, a buy signal.

On the other hand, you can go short when Di- crosses Di+, which indicates a sell signal. You can use the smoothed ADX indicator with moving averages if you need more signal confirmation.

Indicator Setting Description

You can edit the inputs to match your trading specifications.

Period: The default value is 10. It allows you to edit the ADX line value.

Alpha1: The default value is 0.25. It allows you to edit the Di value.

Alpha2: The default value is 0.33. It allows you to edit the Di value.

PriceType: The default value is 0. It allows you to edit the price type.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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