FILTER_ADX_AM Indicator For MetaTrader5 Platform.
A simple trend indicator based on the smoothed Average Directional Movement Index. The uptrend is marked by a lime bar, if the plus line of ADX is above its minus line. The bar is red if the position of the lines is the opposite. Thick bar with a growing ADX is an indication of trend strengthening. A thin bar with a falling ADX indicates its weakening.
This indicator was first implemented in MQL4 and published
1. Copy “FILTER_ADX_AM .mq5” file to C:/Program Files/MetaTrader5/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “FILTER_ADX_AM .mq5” to the
chart of any currency pair.
Click to Download: FILTER_ADX_AM
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