The ADX With Demarker indicator for Metatrader 4 is mainly based on the ADX with Demarker trading strategy and delivers solid buy & sell Forex signals.
The indicator gets displayed on the main trading chart as simple to follow colored buy & sell arrows.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Forex signals indicator
- Based on the ADX + DeMarker strategy
- Does not repaint the signal arrows
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a shorter-term trend confirmation tool.
Free Download
Download the “win-win-arrows-alerts-labels.mq4” MT4 indicator
Indicator Example Chart
The EUR/GBP 1-minute chart below shows the ADX With Demarker Signal indicator in action.
Basic Trading Signals
BUY:
- A buy signal is given when the green arrow gets displayed on the chart.
- Set stop loss below short-term support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A sell signal is given when the red arrow gets displayed on the chart.
- Set stop loss above short-term resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download This Forex Indicator
Download the “win-win-arrows-alerts-labels.mq4” MT4 indicator
Adjustable Parameters & Settings
ADX period, DeMarker period, MFI, WPR, ADX level, ADX price 1, ADX price 2, arrows, alerts, alert push
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: Forex signals
How to install the ADX With Demarker indicator in Metatrader 4?
- Copy and paste the win-win-arrows-alerts-labels.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button