This is an ADX verses Moving Average indicator. Therefore it incorporates the algorithm of the ADX and the Moving Average. Then the results of the calculations and predictions are displayed in a histogram below the main trading chart. It is very easy to use this indicator to trade. The indicator is suitable for even the Forex trading beginners.
The indicator consists of a histogram that have bars of different colors. There are bars of orange, blue and grey. The orange bars are displayed when the market prices are on a downward trend. The blue bars are displayed when the market prices are on an upward trend. The grey bars are displayed when the market prices are on a sideways (no major market swings) trend. This indicator has a very high efficiency, as compared to the rest of the histogram indicators since you can place an order even at the first bar to have a color change. The reason for this is because the indicator is programmed to reject the market when there is no major movements. Therefore the trader should avoid trading when the histogram of the indicator shows grey bars.
Fig.1. The Adxvma histo final indicator loaded on to the MT4 platform.
This indicator is also very good for the forex scalpers since it gives several signals in a day according to the market swings of the currency pair that you are using. The indicator is also designed in such a way that it is able to reject market noise; therefore the trader should not be afraid of placing an order since once the indicator gives a signal the market is bound to follow that signal. Due to the excellent way in which this indicator predicts the market the forex beginners are much safer when using this indicator. however you have to follow the logics of the indicator to the letter; you have to trade when it’s time to trade and avoid trading when the indicator tells you that it is not a good time to open any trade (when the histogram is grey).
How to trade using the Adxvma histo final indicator.
Adxvma Histo Final Indicator Placing a sell:
The trader should place a sell immediately the color of the histogram changes to orange if you are using the default colors. The sell trade should be closed when the color changes to blue or grey. When the color changes to grey, the trader should close his or her trade since at this time the market may be preparing to move up.
Adxvma Histo Final Indicator Placing a buy:
The trader should place a buy immediately the color of the histogram changes to blue if you are using the default colors. The buy trade should be closed when the color changes to orange or grey. In the case when the color changes to grey, the trader should close his or her trade since at this time the market may be preparing to move down.
Illustration of how to trade using the Adxvma histo final indicator.
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