ADX Candles Indicator MT4 + MT5

The ADX Candles indicator paints a lime dot under each bar while +DI dominates and an orange-red dot above each bar while -DI dominates, so the trend bias is obvious at a glance. Also, when dominance flips with ADX confirming, a green BUY or red SELL arrow prints at that bar.

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What the ADX Candles Indicator does on the chart

The ADX Candles indicator paints the trend bias directly under the price: a lime dot sits below each bar while +DI dominates and an orange-red dot sits above each bar while -DI dominates, so the prevailing direction is obvious at a glance.

When dominance flips with ADX confirming the move, a green BUY or red SELL arrow prints at that bar.

Key features and settings

  • Lime / orange-red trend dots painted by DI dominance
  • Green BUY / red SELL arrow on a confirmed dominance flip
  • ADX strength filter on the flip arrows
  • Instant visual read of who is in control
  • Adjustable ADX period and trend level
  • Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels toggle independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
  • Built for both MT4 and MT5; works on every timeframe and every symbol your broker offers.
  • Lightweight code that does not slow down the chart.
Setting Description Default
AdxPeriod ADX / DI calculation period 14
TrendLevel ADX must exceed this for a flip arrow 20
DotOffsetPoints Distance of the trend dot from the wick 15
ArrowOffsetPoints Distance of the flip arrow from the wick 40
EnableAlerts Master toggle for the alert system true
EnablePopup MT4/MT5 popup dialog on signal true
EnablePushNotify Mobile push notification (configure MetaQuotes ID first) false
EnableEmail SMTP email (configure Tools -> Options -> Email) false
EnableSound Play .wav from MT4/Sounds on signal false

How to read signals from the ADX Candles Indicator

ADX Candles Indicator - buy and sell signals example chart
Buy/sell signals example

Use the dot colour as your bias and the arrow as the trigger.

Entry idea (long). Wait for a green BUY arrow as the dots flip to lime (bull).

Entry idea (short). Wait for a red SELL arrow as the dots flip to orange-red (bear).

Also, Exit idea. Step aside when the dots change colour against your position.

Tuning the ADX Candles Indicator inputs

Still, start with the defaults, then tune for your market. AdxPeriod (default 14) sets the averaging length — raise it for smoother, slower signals or lower it for faster, more sensitive ones; TrendLevel (default 20) is the threshold a reading must clear before it counts as a signal; DotOffsetPoints (default 15) shifts the calculation along the chart. Thus, every alert channel — pop-up, sound, email and mobile push — toggles independently in the same inputs panel, and alerts fire once per closed bar.

Recommended timeframes and instruments

This indicator reads best on the higher timeframes, where direction is cleaner and false turns are fewer.

  • H1 and H4 for intraday trend trading.
  • Daily for the dominant bias and swing setups.

On M5 to M15 expect more whipsaw, so raise the period to compensate. In practice, it suits trending majors such as EURUSD and USDJPY and indices like US30 and NAS100.

How to install on MT4 and MT5

ADX Candles Indicator - indicator inputs and settings panel
Indicator inputs and settings

Installation is the same for every indicator on this site. Also, hence, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.

Best practices and tips

  • Trade in the direction of the higher-timeframe trend and avoid counter-trend signals.
  • Use the strength filter to skip weak, ranging conditions.
  • Wait for the bar to close before acting on a signal.
  • Backtest your configuration on at least 200 closed bars before trading live.
  • Keep position sizing small while you learn how the tool behaves on your instrument.
  • Review your results weekly and prune settings that underperform.

Get the ADX Candles for MT4 and MT5

As a result, One email unlocks the full library. This The tool plus the other 1,382 free MT4, MT5 and TradingView indicators we publish and maintain. Next, no paywall, no upsell, same opt-in for all of them – you give an email once and you can grab every tool we ship.

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Built by forexmt4systems.com

This It is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Then, typically, every tool ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files, a 4-channel alert system (popup + mobile push + email + sound), and is loaded on EURUSD H1 before release to confirm it draws cleanly without repainting. The same one-step email opt-in below unlocks the entire library – not just this one indicator.

FAQ

What does the ADX Candles measure?

It plots a clear signal layer that the ADX Candles computes from recent price and volume on the chart.

Is the indicator non-repaint?

By default the indicator only confirms a signal on the bar close, so the printed signal locks in once that bar closes. Also, still, yet, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.

Which timeframe should I use?

There is no single best timeframe. Thus, truly, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.

Does it work on instruments other than forex?

It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. Also, hence, plainly, fast-moving instruments may need a smaller period setting.

Can I add alerts?

Yes. Also, Pop-up, sound, push, and email alerts live in the inputs panel. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Next, this indicator ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. you toggle each channel independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Alerts trigger once per closed bar.

For external background reading, see the technical indicator basics. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the tool as one input. Always backtest before trading live.

Category: this is part of our Candle Sticks collection. Then, still, browse more Candle Sticks for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.

About the author

Dominic Walsh built and documented this indicator. Thus, the author is Dominic Walsh, a Forex trader and MT4/MT5 indicator developer. Every tool on forexmt4systems.com goes through live-chart testing before release, and ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files. Learn more about the trader and developer behind this site.

External references

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