ADX Smoothed Indicator
MT4Also Available for MT5Forex momentum from the best ADX Smoothed Indicator for MT4. Find overbought/oversold levels.
Description
The ADX Smoothed Indicator is a momentum oscillator that tells about the trend’s direction. The indicator works similarly to the traditional ADX (Average directional index). However, it smooths the signal line.
The indicator plots three lines; ADX, Di+, and Di- to present the overall market trend. The crossovers between the Di+ and Di- mark a trading opportunity.
You can also find the overbought and oversold levels as this indicator oscillates between 0 and 100.
The good thing about the indicator is that it works on every timeframe.
How to use the ADX Smoothed Indicator for MT4?
The above H1 chart shows the indicator BUY and SELL signals.
To find the trading signals, you need to look at the Di+ and Di- crossovers. When the Di+ crosses above the Di-, it’s a BUY signal, and you can enter long positions.
Conversely, when the Di- crosses above the Di+, it’s a SELL signal, and you can take short positions.
If you want further signal confirmation, you can apply the Moving Averages and the ADX Smoothed Indicator.
Conclusion
The ADX Smoothed for MT4 tells about the direction of the trend by plotting Di+ and Di- signal lines. When the crossover between both lines occurs, you can enter the trade.
If you want, you can download the indicator for free on our website.
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