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Adxvma Histo Final Indicator

July 14, 2015 by Dominic Walsh 3 Comments

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.

Adxvma Histo Final Indicator

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.

Adxvma Histo Final Indicator

Open demo account to test this system.

Download Free Forex Adxvma Histo Final Indicator

Download Adxvma Histo Final Indicator

Filed Under: Free Metatrader Indicators Tagged With: adx indicator

Comments

  1. denis says

    July 14, 2015 at 3:35 pm

    Hope it will help me to find a system that works for me. Thanks a lot!

    Reply
  2. Hank says

    July 14, 2015 at 7:11 pm

    hello,
    I downloaded the adxvma indicator, and it is in my indicator file on my MT4
    but it will NOT appear on my chart!! I have tried everything..please help!!
    Thanks!
    Hank

    Reply
  3. Dominic Walsh says

    July 15, 2015 at 7:27 am

    Hello Hank,

    Try to follow this video guide: https://www.youtube.com/watch?v=bATN4WRkfwk

    This guide should load all indicators correctly.

    New MT4 600+ built installation guide

    Open MT4 platform. Click: File/Open Data Folder. Inside click:
    MQL4/Indicators – and paste all system indicators. Do same with
    template at File/Open Data Folder/templates.

    After finished restart you MT4 platform for changes to apply.

    Reply

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