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Re: MT4 Indicators with alerts/signals

naluvs01, Tue Jun 06, 2023 2:51 am

Intrest 1 wrote: Tue Jun 06, 2023 1:27 am I have this option. Maybe you will like
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This looks like it shows the DI crosses only and it doesn't have alerts. The indicator Mr. Tools revised has the option for the ADX line which reveals there is strength in the currency pair. Historically speaking, if the ADX line is above level 20 (or some people prefer 25), then the market is said to have strength. If the ADX line is below the level, then you would want to stay out of the market because there is no volume/strength. Also, remember the ADX line doesn't show direction, but rather or not the currency pair has a trend. Although, this indicator does show direction because the ADX line color is the same as the Di +/- crossovers. Also, I use 0 for smoothing.

Below is an example of how it can be utilized: it's the 5 min chart (GBPAUD) with a 200 EMA. Look how these entries can be good trades opportunities. It can help avoid ranging markets.
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