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ADX Candles Indicator for MetaTrader

This is one of my favorite indicator for MetaTrader – ADX candles. Those who knows about ADX with DMI indicator, knows how powerful this indicator is. Generally, all technical analysis softwares and online charting services shows this indicator. Now, I’m sharing the power of same indicator with you. First of all, let me admit here, I’m not the original coder for this indicator. The credit goes to that genius. Also, I don’t have the source code file, so I’m posting the compiled version.

This is the simple chart WITHOUT ADX candles indicator.

and this is the same chart WITH ADX candles indicator.

As you can see, this indicator changes the candles with different colors based on the strength of ADX and DMI.

No need of any further explanation. The chart itself says everything.

You may download this indicator from here.

The above link will give you file in compiled format, supported by MetaTrader4. In case of any problem, you may download the same in zip file also from here.

ADX Candles Indicator for MetaTrader
5 (100%) 2 vote[s]
Categories: Indicators
Tags: ADXAnalysiscandlesChartcharting servicescodedifferent colorsDMIDownloadeverythingexplanationfilegeniusindicatorMetaTraderneedonlinepowersourcesource codestrengthversionWITHOUT
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View Comments (19)

  • Hi

    I love thia setup, I notice that on some occasions certain bars are a darker shade of green or red. What meaning is attached to these bars.

    Many thanks

    John

  • The dark candles are shows on just crossing of DM+ and DM- while red and lime colors are shown after considering ADX also on crossing. That's the rule of DMI. Read more about DMI and ADX indicator elsewhere to understand better.
    Hope it will help you.
    Admin

  • i want realtime mt4 data from where can i get it to track INDIAN STOCKS / NIFTY & MCX commodity markets uninterrupted . If you have some information please share me to procure the data, i shall be grateful

    Thanks in advance

    • It's possible in MetaTrader itself. You'll need some indicators and DLL files. Will write an article on that soon.
      Admin

  • sirji,mr.admin ,write us about how i install this adx indcator to chart. i have ex4 file instal but not run so please write us about detial for run to chart.

  • Sir

    I like your posts on various indicators for MT4.

    How and from where I can get MT4 platform with NSE stocks
    and future scrips (demo and/or real account), though there are many for forex.

    Thanks

  • is it possible to get an alert if the candle color changes to different color e.g if the we are on a downtrend and get an alert if the candle completes and turns green

  • Hi there,
    been trying to download the ADX candles indicator, but the file is empty.
    the other indicators like stochastics and breeze work well, its only this ADX causing trouble. can someone help please