The All ADX Dashboard Metatrader 4 forex indicator displays ADX (invented by Wilder) for 7 different time frames.
This makes it easy for anyone one to check the ADX trend across multiple time frames before making a buy or sell trade decision.
Supported time frames: 15-minute, 30-minute, 1-hour, 4-hour, day, week and month.
ADX consists of 3 components: DI+ (green line), DI- (red line) and trend strength line (yellow line).
The crossover of the DI+ green signal line and DI- red signal line creates a simple trend trading system.
- A buy signal occurs when DI+ crosses above DI+ from below.
- A sell signal occurs when DI- crosses above DI+ from below.
The default ADX period is set to 14 but can be adjusted to whatever period you need.
Free Download
Download the “all-adx-indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD 1-hour chart below shows the All ADX Dashboard indicator in action.
Basic Trading Signals
Signals from the All ADX Dashboard MT4 forex indicator are easy to interpret and go as follows:
Buy Signal: Open buy trade when the green DI+ signal line crosses back above the red DI- signal line from below.
Sell Signal: Open sell trade when the red DI- signal line crosses back above the green DI+ signal line from below.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
All ADX Dashboard + ADX with DeMarker Signals Forex Scalping Strategy
This MT4 scalping strategy combines the All ADX Dashboard MT4 indicator and the ADX with DeMarker Forex Signal MT4 indicator.
The All ADX Dashboard gives trend direction signals.
A bullish setup appears when the green DI+ line crosses above the red DI minus line from below and a bearish setup when the red DI minus line crosses above the green DI+ line from below.
The ADX with DeMarker indicator adds a second confirmation using colored arrows: green arrows for a bullish trend and red arrows for a bearish trend.
This combination is ideal for fast execution on M1 and M5 charts, helping scalpers catch quick moves with trend confirmation and momentum.
Buy Entry Rules
- On the All ADX Dashboard, the green DI+ line crosses above the red DI minus line, indicating bullish trend bias.
- The ADX with DeMarker indicator displays a green arrow, confirming bullish momentum.
- Enter a long trade immediately after the candle closes with both conditions met.
- Place a stop loss a few pips below the recent swing low or the entry candle’s low.
- Take profit when either the arrows turn red or DI minus crosses back above DI+, or near a nearby resistance level.
Sell Entry Rules
- On the All ADX Dashboard, the red DI minus line crosses above the green DI+ line, signaling bearish trend bias.
- The ADX with DeMarker indicator displays a red arrow, confirming bearish momentum.
- Enter a short trade immediately after the candle closes with both conditions satisfied.
- Set the stop loss a few pips above the recent swing high or above the entry candle’s high.
- Target a modest pip gain or exit when a green arrow appears or DI+ crosses back above DI minus.
Advantages
- Combines trend direction signals with momentum confirmation to reduce false scalping entries.
- Works well on very short timeframes allowing multiple trading opportunities per day.
- Clear entry rules make it simple to implement under fast market conditions.
- Small profit targets allow quick exits, useful in volatile sessions.
- Suitable for many major and cross FX pairs with sufficient liquidity.
Drawbacks
- DI lines and arrows can occasionally give false signals in choppy conditions.
- Small pip targets mean that spread or slippage can reduce profits if execution is not precise.
Example Case Study 1 (EURUSD M1 bullish scalp)
During the London session on EURUSD M1, the green DI+ line crossed above the red DI minus on the All ADX Dashboard at 1.1023.
The ADX with DeMarker indicator simultaneously displayed a green arrow.
A long trade was entered at 1.1024 with a stop loss at 1.1018.
Price moved quickly upward to 1.1038 before a red arrow appeared.
The trade closed with a 14 pip profit, showing how aligning momentum and trend can produce profitable scalps.
Example Case Study 2 (GBPUSD M5 bearish scalp)
On GBPUSD M5, the red DI minus line crossed above the green DI+ at 1.2632, signaling bearish bias.
The ADX with DeMarker indicator displayed a red arrow.
A short position was opened at 1.2630 with a stop loss at 1.2643.
Price dropped to 1.2615 before the CCI indicated a potential reversal.
The trade closed for a 15 pip profit.
Strategy Tips
- Focus on pairs with tight spreads and good liquidity to reduce trading costs on small timeframes.
- Only take trades where the DI cross and arrow signals are both clear to improve accuracy.
- Consider checking the trend on H1 or H4 charts to align scalps with the overall market direction.
- Use smaller lot sizes initially to test the strategy and adjust based on pair volatility.
- Monitor price action around support and resistance levels to improve entries and exits.
- Stay disciplined and avoid chasing trades if signals are not confirmed on M1 or M5 charts.
- Use a simple timer or session filter to trade during periods of high market activity for better results.
- Combine this strategy with basic money management rules to preserve capital during streaks of losses.
- Keep an eye on sudden market spikes that can cause DI lines and arrows to generate false signals.
- Review your trading history weekly to identify the most reliable currency pairs and timeframes for this method.
Download Now
Download the “all-adx-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (ADX period, Show higher time frames, Bars per time frame) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
