CADX MT5 Indicator

0
1490

Oscillator Comparative ADX indicates the relative trend strength, based on the smoothed values of the five main currency pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, and USDCAD, and of the instrument, on which the indicator is running.

USDCHF is excluded from the list of the indicator symbols to be calculated, since it is historically reversing as to EURUSD.

It has two parameters:

  • Period – ADX calculation period;
  • Level value – threshold level value (*).

Calculation:

CADX = Current ADX / Average ADX(EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD)

where:

Current ADX - the ADX value of the current symbol
Average ADX = (ADX(EURUSD, Period) + ADX(GBPUSD, Period) + ADX(AUDUSD, Period) + ADX(USDJPY, Period) + ADX(USDCAD, Period)) / 5

MT5 Indicators – Download Instructions

CADX MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

CADX MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

Recommended Forex Metatrader 5 Trading Platform

  • International broker with 24/7 support.
  • Over 12,000 assets, including Stocks, Indices, Forex.
  • Fastest order execution and spreads from 0 pips.
  • Bonuses up to $50,000 starting from the first deposit.
  • Demo accounts for testing trading strategies.

Recommended broker

Click Here for Step By Step RoboForex Trading Account Opening Guide

How to install CADX MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download CADX MT5 Indicator.mq5
  • Copy CADX MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on CADX MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator CADX MT5 Indicator.mq4 is available on your Chart

How to remove CADX MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

CADX MT5 Indicator (Free Download)

Click here below to download:



Download Now

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here