This is one of my favorite indicator for MetaTrader – ADX candles. Those who knows about ADX with DMI indicator, knows how powerful this indicator is. Generally, all technical analysis softwares and online charting services shows this indicator. Now, I’m sharing the power of same indicator with you. First of all, let me admit here, I’m not the original coder for this indicator. The credit goes to that genius. Also, I don’t have the source code file, so I’m posting the compiled version.
This is the simple chart WITHOUT ADX candles indicator.
and this is the same chart WITH ADX candles indicator.
As you can see, this indicator changes the candles with different colors based on the strength of ADX and DMI.
No need of any further explanation. The chart itself says everything.
You may download this indicator from here.
The above link will give you file in compiled format, supported by MetaTrader4. In case of any problem, you may download the same in zip file also from here.
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I have saved the adx file to my desktop however i dont remember how to install into metatrader4
thanks
Just copy file in the indicators folder, where you’ve installed Metatrader. E.g., the typical folder will be C:\Program Files\MetaTrader 4\experts\indicators
See your folder structure for exact location.
Hope it will help you.
Admin
Have tried to D/L…ADX Candles Indicator for MetaTrader.
Get the Donchian Indi!
Needs correcting.
All the best, and thank you for sharing these powerful indicators.
Mike
I’ve tested it after downloading. It’s ADX candles indicator. Perhaps, you’ve mixed your downloaded files. Just download it in separate folder and test it.
Hope it will help you.
Admin
hullo,
downloaded the indicator but when i put it on my chart it doesnt show.i put it in the right place as directed.please help.
If you’ve placed this indicator in the same folder as where you’ve all other metatrader indicators, it should work. Try installing metatrader in separate folder and test it there.
Hope it will help you.
Admin
Turn off chart foreground in properties for colors to work.
Hi
I love thia setup, I notice that on some occasions certain bars are a darker shade of green or red. What meaning is attached to these bars.
Many thanks
John
The dark candles are shows on just crossing of DM+ and DM- while red and lime colors are shown after considering ADX also on crossing. That’s the rule of DMI. Read more about DMI and ADX indicator elsewhere to understand better.
Hope it will help you.
Admin
i want realtime mt4 data from where can i get it to track INDIAN STOCKS / NIFTY & MCX commodity markets uninterrupted . If you have some information please share me to procure the data, i shall be grateful
Thanks in advance
It’s possible in MetaTrader itself. You’ll need some indicators and DLL files. Will write an article on that soon.
Admin
sirji,mr.admin ,write us about how i install this adx indcator to chart. i have ex4 file instal but not run so please write us about detial for run to chart.
Sir
I like your posts on various indicators for MT4.
How and from where I can get MT4 platform with NSE stocks
and future scrips (demo and/or real account), though there are many for forex.
Thanks
Thanks for your positive feedback. You can try GCI MetaTrader Platform at http://www.gcitrading.com/mtdemo.htm
It supports some shares of Indian stock market also.
Hope it will help you.
Admin
Thanks, Sir
ADX Candles indicators works on MT4.
Regards
is it possible to get an alert if the candle color changes to different color e.g if the we are on a downtrend and get an alert if the candle completes and turns green
Hi there,
been trying to download the ADX candles indicator, but the file is empty.
the other indicators like stochastics and breeze work well, its only this ADX causing trouble. can someone help please
can any one share back testing result of this adx candle indicator
how to convert this indicator file from exe to tpl form