Forex indicator ADX Smoothed is a modification of the standard ADX oscillator with increased accuracy and no lag.
ADX Smoothed is a standard ADX indicator modified by smoothing method. The two-level smoothing used in the ADX Smoothed indicator helps to eliminate the lag and improve the accuracy of the indicator’s response.
ADX Smoothed indicator settings:
- per – ADX period, standard parameter;
- alpha1 – the first smoothing factor;
- alpha2 – second smoothing factor;
- Price Type – the price that is used in the indicator calculations: 0 – Close (closing price), 1 – Open (opening price), 2 – High (maximum price), 3 – Low (minimum price), 4 – Median (HL / 2 ), 5 – Typical (HLC / 3), 6 – Weighted (HLCC / 4).
The ADX Smoothed indicator will give fewer false signals and react more often to the beginning of new trends, compared to the standard indicator.
Features of ADX Smoothed MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In ADX-Smoothed.zip file you will find:
- ADX Smoothed.ex4
Download ADX Smoothed MT4 indicator for free: