The ADX VMA Trend mt5 indicator displays the chart trend and its strength using adx vma steps.
The indicator values can be smoothed using one of the five smoothing types:
simple moving average(sma)
exponential moving average(ema)
smoothed moving average
linear weighted moving average
adx vma average
Green bars indicate a bullish trend, while red bars indicate a bearish trend.
Below the main trade chart, a separate window with the indication is shown. All timeframes and currency pairs are compatible with it.
Direct changes to the default indicator settings can be made from the input tab. To suit your preferences, feel free to play around with the settings and parameters.
Installation Guide
The ADX VMA Trend.mq5 or ADX VMA Trend.ex5 indicator files should be copied and pasted into the MQL5 folder of the MetaTrader 5 trading platform after you download the ADX VMA Trend.rar package at the bottom of this post and unpack it.
The top menu options, which are as follows, can be used to reach this folder:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator, find the gauge name, right-click it, and select Attach to the chart.
You should definitely include the ADX VMA Trend indicator in your trading toolkit. Your chances of success will increase with a reliable forex indicator. But always remember to set reasonable goals. Like any other technical analysis tool, it is not always able to produce reliable signals. As a result, this forex indicator occasionally generates erroneous signals. The state of the market will have a huge impact on how it performs. Feel free to use it as the foundation for your trading strategy.