Forex ADX Cloured V2 Indicator
Forex ADX Cloured V2 Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to ADX / DMI trend strength. This copy is version 2. Its source code uses ADX. It has 3 settings, for example ADXPeriod (default 14), ref level (default 20) and trend level (default 30). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v2 · Free
About Forex ADX Cloured V2 Indicator
Forex ADX Cloured V2 Indicator is an indicator for MetaTrader 4 based on ADX. It has 3 settings, such as Adx period, Ref level and Trend level. MQL source code included.
Files in the download: adx_coloured_v2.ex4, adx_coloured_v2.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Adx period | 14 | Period or timeframe used by the calculation |
| Ref level | 20 | |
| Trend level | 30 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: ADX · MT4 Indicator · MQL4 Source Code