ADXM is a great Forex signals indicator for Metatrader 4, designed to enter and exit the market with great precision.
The ADXM indicator swings back and forth below and above the 0.00 neutral level.
The indicator consists of a dual colored signal line, it uses blue and brown colors.
Signal Basics:
- Look to buy when the ADXM color turns back to blue from brown.
- Look to sell when the ADXM color turns back to brown from blue.
The indicator works for all currency pairs without exception!
Free Download
Download the “adxm-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Open a buy trade as soon as the ADXM indicator color turns blue while the oscillator value is below or near the lower dotted white line (oversold).
Open a sell trade as soon as the ADXM indicator color turns brown while the oscillator value is above or near the upper dotted white line (overbought).
Exit the trade near previous support or resistance or for a fixed profit target of your preference.
Feel free to use your own favorite trading method to open and close trades with the ADXM Forex signals indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Period, level, color settings & style
Indicator type: predictive price oscillator
Repaint? Does not repaint the dual colored signal line.
Download Now
Download the “adxm-indicator.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the adxm-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.