MT4 ADX Crossover Indicator (Scanner)

mt4 adx crossover indicator
ADX Crossover Indicator (Scanner) is a technical analysis tool helping traders to understand current market tendencies and find trading signals to buy and sell various currency pairs. This technical indicator can be used with any currency pair or other asset and applied to any timeframe available on MetaTrader 4 trading platform.

MT4 ADX Crossover Indicator (Scanner)

ADX Crossover Indicator (Scanner) is based on classic ADX with some additional features and settings, which make it useful in almost any market situation.

adx crossover scanner indicator


The main idea of ADX Crossover Scanner is to provide traders with information about the current market trend and its direction. This technical analysis tool allows traders to find entry points when the market is trending.

ADX Crossover Scanner is composed of three lines – -DI, +DI, and ADX. +DI/-DI lines reflect the strength of ascending/descending tendencies for a particular timeframe. If +DI is above -DI, bulls are dominating the market. If -DI is above +DI, bears take control.

ADX line is an exponential Moving Average of both –DI and +DI. It tells traders about current market sentiment (whether the market is trending or not or the price is stuck in a flat range). Growing ADX (along with –DI/+DI going in different directions) confirms that the asset has a particular trend currently. When –DI/+DI are close to each other again, the trend is over.

When ADX is between 20 and 40, the market tendency is still weak. Should the line break 40, the trend becomes stronger. ADX growth reflects the strength of the trend but it says nothing about its direction.

ADX Indicator with alert can be used to find trading signals when the market is trending. With this technical analysis tool, one can easily define if there is any market trend currently or the price fluctuates in a flat range without any particular direction. ADX Indicator indicates the strength of any market tendency.

This technical analysis tool can be applied to various trading strategies. The key moment every trader should bear in mind is that entry points appear only on trending markets. No signals will be found when the price fluctuates without a particular direction.

ADX Crossover Scanner is suitable for all types of trading including intraday, mid-term, and even long-term strategies. It works with various timeframes (depending on what particular timeframes users choose) and all types of assets including currency pairs, metals, and CFDs.

A special dashboard scans all available assets and timeframes for signals. Traders can easily switch to any trading tool with a single click. Alerts are also included allowing users to be notified about the latest market changes and signals that appear on the dashboard.


How to trade using ADX Crossover indicator?

The most common strategy that one can benefit from using this indicator is based on the +DI/-DI crossover. This trading system has a couple of signals that should appear to watch. Before looking at the +DI/-DI crossover, a trader needs to see whether ADX is above 25. If it is, the market is trending (no matter which direction the price is going, as the ADX line shows the strength of the trend only).

The next important thing to consider is the position of both +DI and -DI. If the first crosses the latter and becomes above the second, ADX Indicator shows the buy signal, while in the case when –DI is above +DI, this analysis tool reveals the sell signal.


ADX Crossover indicator buy sell signal


Apart from this simple strategy, ADX Crossover Indicator can also be used in some more complex trading systems, where this analysis tool will indicate the strength of a trend or its absence.


How to interpret the ADX Crossover indicator and read the dashboard?

The dashboard is an integral part of this trading indicator. It includes two small windows: one with timeframes and assets and the other with the indicator itself. A table with timeframes shows signals on each period, chosen by a trader.

The cell of the asset / timeframe contains information about the direction of the deal (BUY or SELL) and the serial number of the bar (the number of bars back) on which the signal was detected.

The color of the cell indicates the direction of the deal (BUY – green, SELL – red) and changes the saturation of the main color depending on how much the distance of the bars from the last bar on which the signal was detected increases.

By clicking any assets on the left side of the dashboard, traders can switch between them to fastly choose a currency pair or other financial instrument, which gives a signal to buy or sell.


MT4 ADX Crossover indicator input parameters

Each user can change some settings to apply this indicator to their strategies. ADX Crossover Indicator includes the following variable parameters:


assets – selection of assets to search for signals.

enable_M1 – enable_MN – include / exclude timeframes (from a minute to a month) to search for signals via them.

max_bars – the maximum number of bars back, by which the scanner will search for signals. The parameter limits the number of calculations to speed up the indicator.

enable_alert – the option enables / disables alerts.

enable_email – allows you to send email alerts.

enable_mobile – allows you to send alerts to your mobile device.

ADX Indicator settings – this parameter allows traders to set up some ADX Indicator parameters including periods, applied price, ADX level.


Custom Programming

mt4 custom programming
We can upgrade the presented indicator to suit your needs – add new functions, change the algorithm for calculating signals, or combine it with your other indicator, turning it into a single powerful tool for your trading strategy.

We can also turn the indicator into an Expert Advisor (trading robot) with an extended set of custom functions (stop loss, take profit, trailing stop, risk management parameters, trading time limit, and others).

Request a free consultation from our team of professional programmers and find out the cost and timing of your project development.


Nordman Algorithms is not liable for any risk that you face using the software. Please, use the software on your own responsibility. The software is coded in accordance with a common known concept and Nordman Algorithms does not guarantee accuracy or trading performance of the software signals.

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