The ADX VMA Trend mt5 indicator uses adx vma steps to show the chart trend and its strength.
The indicator values can be smoothed using one of the five smoothing types:
- simple moving average(sma)
- exponential moving average(ema)
- smoothed moving average
- linear weighted moving average
- adx vma average
Red bars reflect a bearish trend, and green bars reflect a bullish trend.
The indicator is displayed in a separate window below the main trading chart. It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your preferences.
How to set up the ADX VMA Trend indicator in MT5?
Download the ADX VMA Trend.rar archive at the bottom of this post, unpack it, then copy and paste the ADX VMA Trend.mq5 or ADX VMA Trend.ex5 indicator files into the MQL5 folder of the MetaTrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator, find the gauge name, right-click it, and select Attach to the chart.
The ADX VMA Trend indicator is well worth adding to your trading collection. A good forex indicator will enhance your chance of success. Nonetheless, remember to have realistic expectations. Just like any other technical analysis tool, it cannot provide accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your trading system based on it.