The Wajdyss ADX Forex indicator for MT4 provides solid buy/sell trading signals based on the classic ADX technical indicator + filter.
The signals will appear on the main chart window in the form of colored arrows.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Key Points
- ADX signals indicator
- Non-repaint buy/sell arrows
- Beginner friendly
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a trend reversal signal confirmation tool. Discover a strategy example below.
Free Download
Download the “wajdyss_ADX_Indicator_V1.mq4” MT4 indicator
Indicator Chart
The EUR/USD 1-hour chart below shows the Wajdyss ADX trading indicator in action.
Trading Signals Using the Wajdyss ADX Indicator
Interpreting signals from the Wajdyss ADX Forex Indicator on MetaTrader 4 is simple and user-friendly. Here’s how it works:
BUY:
- A buy signal is given as soon as the green ADX signal arrow gets printed on the chart.
- Place a stop loss below support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A sell signal is given as soon as the red ADX signal arrow gets printed on the chart.
- Place a stop loss above short-term resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “wajdyss_ADX_Indicator_V1.mq4” MT4 indicator
Wajdyss ADX + RSI Triple Stochastic Divergence Strategy for Trend Entries
This advanced trading strategy blends the trend confirmation power of the Wajdyss ADX Forex Indicator with the reversal spotting ability of the RSI Triple Stochastic Divergence Indicator.
Best Timeframes
This strategy works effectively on M15, M30, and H1 charts, giving you reliable trade setups with manageable risk and decent pip targets.
Recommended Currency Pairs
Use on trending pairs such as EUR/USD, GBP/USD, USD/JPY, USD/CHF, and trending crosses like EUR/JPY or GBP/AUD.
Indicator Setup
- Wajdyss ADX Forex Indicator: Keep the default ADX setting (typically 14) to measure trend strength. Look for values above 20–25 to confirm a valid trend.
- RSI Triple Stochastic Divergence: Use default settings. Focus on spotting divergence setups at or near key support/resistance zones.
Buy Entry Rules
- Wajdyss ADX shows strength above 20 and rising (trend is developing).
- RSI Triple Stochastic Divergence prints a bullish divergence at a recent swing low.
- Enter a buy position once both indicators align and price breaks above a short-term resistance level.
- Stop loss: Below the recent swing low or last consolidation.
- Take profit: 1.5x to 2x your risk or previous resistance area.
Sell Entry Rules
- Wajdyss ADX shows strength above 20 and rising downward (bearish trend).
- RSI Triple Stochastic Divergence prints a bearish divergence near a swing high.
- Enter a sell trade after the price breaks support and the divergence is confirmed.
- Stop loss: Above the recent swing high.
- Take profit: 1.5x to 2x risk or major support zone.
Additional Tips
- Always wait for both indicators to agree before entering a trade.
- Use trendlines and support/resistance to refine entries.
- Don’t trade when ADX is below 20, the market is likely ranging.
- Filter trades with a major session (London/New York) for higher probability moves.
Customizable Parameters & Settings
ADX period, pips, alert
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: ADX
Final Thoughts
The Wajdyss ADX Forex Indicator for MetaTrader 4 is a reliable tool for traders seeking to identify strong trends using the classic Average Directional Index (ADX) combined with a filter for enhanced accuracy.
By displaying non-repainting buy and sell arrows directly on the main chart, it offers clear visual cues for potential trading opportunities.
This indicator is particularly useful for trend-following strategies, providing timely signals that align with the prevailing market direction.
For optimal performance, consider using the Wajdyss ADX Indicator in conjunction with other complementary tools, such as the RSI Triple Stochastic Divergence Indicator, to confirm trade entries and filter out false signals.
