ADX Candles Metatrader 4 Indicator

ADMI (ADX + DMI) measures trend direction and trend strength at the same time. It’s a powerful indicator combination. The ADX Candles indicator changes color based on the combination of ADX and DMI. You don’t need to calculate anything with this indicator. Green colored candlesticks indicate bullish trends while red-colored candlesticks indicate bearish trends. I’d suggest play around with the ADX settings and find the ones that work best for you.

Trading Signals

BUY: Wait for a green ADX candlestick.
SELL: Wait for a red ADX candlestick.

Configurable Indicator Options

ADXPeriod, ADXSignal, ADX_Plus, DI_Levels_Only, Bar Width

EUR/USD Daily Chart Example

adx-Candles indicator

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