The trading signals (buy / sell) generated are calculated on the basis of a stock indicator ADX Average Directional Movement
The color histogram 4 ADX time frame determines three different market conditions: bull market, bear market and sideways market
Using multiple time frame to identify the general trend of short-term market and the long term and help to anticipate the entry points and exit the trade with a global vision of the market.
If the signals correspond to the different time frame, the trading signal is stronger and more reliable.
Time Frame
M1 - 1 minute (60 seconds)
M5 - 5 Minutes
M15 - 15 Minutes
M30 - 30 Minutes
H1 - 1 Hour
H4 - 4 Hours
D1 - Daily
W1 - Weekly
MN1 - Monthly
A signal alert is provided when the trading signals correspond to the four different time frames.
included
4 time frame ADX.mq4
Broker Online - Broker Stock Exchange : Trading Platform Metatrader MT4
Interpretation Rules - Signals From Trading
* Buy signal: Pressure buyer
. Forming a square 4 time frame positive ADX green: + DI line is above the -DI line and the ADX line is greater at 20 - Trend bullish on the corresponding frame time
. All squares are positive - Strong uptrend
* Sale signal : Pressure saleswoman
. Forming a square 4 time frame ADX negative red: + DI is the line below the line -DI and ADX line is greater at 20 - bearish trend on the corresponding frame time
. All squares are negative - Strong bearish trend
* Range Trading
. Formation of a square 4 time frame ADX neutral, colorless: the ADX line is below level 20 - No strong trend on the corresponding time frame
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Trade Example
Stock Markets financial
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Symbol - Swap EUR / USD
Session Trading
time unit UT - time Frame: 1 hour H1
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