• Mon. Jul 26th, 2021


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Indicator ADX Smoothed: a Smoothed Modification of the Standard ADX Oscillator

Jul 22, 2021

Forex indicator ADX Smoothed is a modification of the standard ADX oscillator with increased accuracy and no lag.

ADX Smoothed MT4 indicator

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: