Forex Force Index ADX Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Force Index ADX Trading Strategy. As the name suggests, the idea behind it is ADX / DMI trend strength. In the code it works with Bollinger Bands. It draws arrows on the chart and can send alerts. It has 7 settings, for example Length (default 20), Deviation (default 2) and Money Risk (default 1.00). 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 Force Index ADX Trading Strategy
Forex Force Index ADX Trading Strategy is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 7 settings, such as Length, Deviation and Money risk. MQL source code included.
Files in the download: Trend Dot.ex4, Trend Dot.mq4, installation manual.txt, The Force index with ADX Trading System.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 20 | |
| Deviation | 2 | |
| Money risk | 1.00 | Risk per trade (percent of balance) |
| Signal | 1 | |
| Line | 1 | |
| Nbars | 1000 | |
| Sound on | true | Turn this alert on or off |
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 · Buy/Sell Arrows · Alerts · Bollinger Bands · MT4 Indicator · MQL4 Source Code