ADX Divergence Indicator

MetaTrader Indicator ADX Divergence

ADX Divergence generation III is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear.

Indicator ADX - Short explanation

ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used.

MetaTrader Indicator ADX Divergence - Short explanation

Metatrader Indicator ADX Divergence indicates fractal divergence by ADX indicator.When divergence appears between ADX and the price, it indicates a high probability that the current trend will finish soon. A signal to buy is when a new Low-fractal is formed below the previous one and a corresponding ADX value is higher than the previous one. A signal to sell is when a new Up-fractal is formed above the previous one and a corresponding ADX value is lower than the previous value. The indicator has a lot of customizable settings.