Forex DMI ADX Histogram Oscillator Indicator
Forex DMI ADX Histogram Oscillator Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is ADX / DMI trend strength. Its source code uses ADX. It has 4 settings, for example Calculation Period (default 14), Mode (default 0) and Smoothing (default true). 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 · v1.0 · Free
About Forex DMI ADX Histogram Oscillator Indicator
Forex DMI ADX Histogram Oscillator Indicator is an indicator for MetaTrader 4 based on ADX. It has 4 settings, such as Calculation period, Mode and Smoothing. MQL source code included.
Files in the download: dmi_adx_histogram_oscillator.ex4, dmi_adx_histogram_oscillator.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Calculation period | 14 | Period or timeframe used by the calculation |
| Mode | 0 | |
| Smoothing | true | |
| Price type | 0 |
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 · Oscillator · MT4 Indicator · MQL4 Source Code