AdxVma trend – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • AdxVma trend that uses adxvma steps to show the trend.

    The trend is based on values similar to ADX (hence the name of the adxvma) but still different enough to make this indicator showing different values than adx trend would be. The values can be smoothed using one of the 5 smoothing types:

    • simple moving average
    • exponential moving average
    • smoothed moving average
    • linear weighted moving average
    • adxvma average

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    PS: regardless of the smoothing period or type, the state (the “trend”) of the indicator will not change. The smoothing is introduce in order to have a cleaner picture where the trend is heading, not to alert the trend value. Trend value depends exclusively on the adxvma calculation. When adxvma is used for smoothing, that does not change the trend either (since in that case it is used only for smoothing, not for trend assessment).

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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