Mastering Sideways Markets: The Essential Indicator for MetaTrader 4

Mike 2013.10.25 15:55 67 0 0
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Description:

Are you navigating the tricky waters of sideways markets? This handy indicator utilizes an ADX period of 14 to help you identify the current trend. If the D+ line is above the D- line and sitting above the main line, you've got a solid signal on your hands!

I've designed this tool to make the ADX easy to read. Give it a try, and I hope it simplifies your trading experience. For quicker confirmation, use the 5-minute timeframe, but feel free to explore other timeframes that suit your style!

Just a heads-up: this indicator doesn't include moving averages.

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