Average Directional Index (Trend Strength)

Average Directional Index

This indicator is based on the Average Directional Index.

You can use the following MT4 indicator (attached bellow) named Average Directional Index Monitor  to check instantly what the current Average Directional Index Values are for up to 10 currencies  for  9 time frames.

Average Directional Index

You can use the above to instantly test if there is a strong trend for the instruments you are trading at any timeframe.

When you attach the indicator to the chart you get the following options

 

Period :  Averaging period for calculation of the Directional index

Applied_Price: Applied price. It can be any of the following numbers

 

Shift: Index of the value taken from the indicator buffer (shift relative to the current bar the given amount of periods ago).

Currency #: Which currency pair to be analysed at position #

Tip

You can apply the above indicator to several charts each time changing the shift to monitor how the Trend strength changes over time.


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