This is an ADX verses Moving Average forex indicator. Therefore it incorporates the algorithm of the forex ADX and the forex Moving Average. Then the results of the calculations are displayed in a histogram below the main trading chart. It is straightforward to use this forex indicator to trade. This forex indicator is suitable for even the Forex trading beginners.
The indicator consists of a histogram that has bars of different colors. There are bars of orange color, blue, and grey. The orange color bars are displayed when the forex market prices are on a downtrend. The blue bars are displayed when the forex market prices are on an up trend. The grey color bars are displayed when the forex market prices are on a sideways (no major market swings) trend. This indicator has very high efficiency compared to the rest of the histogram forex indicators since you can put an order even at the first bar for a color change. This is because the forex indicator is programmed to reject the market when there are no significant movements. Therefore the forex trader should avoid trading when the indicator’s histogram shows grey bars.
Fig.1. The Adxvma histo final indicator loaded onto the MT4 platform.
This indicator is also perfect for the forex scalpers since it gives several entry signals in a day according to the forex market swings of the currency pair you are using. The indicator is also designed so that it can reject market noise; therefore, the forex trader should not be afraid of putting an order since once the indicator gives a signal, the market is bound to follow that signal. Due to the excellent way this indicator predicts the market, forex beginners are much safer when using this indicator. However, you have to follow the indicator’s logic to the letter; you have to trade when it’s time to open a trade and avoid trading when the indicator tells you it is not the right time to open any trade (when the histogram is grey color).
How to trade the Adxvma histo final forex indicator
Adxvma Histo Final Forex Indicator Placing a sell:
The trader should place a sell entry immediately. The histogram changes to orange color if you use the default colors. The sell entry trade should be closed when the color changes to blue color or grey. When the color changes to grey color, the trader should close their trade since, at this time, the forex market may be preparing to move up.
Adxvma Histo Final Forex Indicator Placing a buy:
The trader should place a buy entry immediately. The color of the forex histogram changes to blue color if you use the default colors. The buy entry trade should be closed when the color changes to orange color or grey. When the color changes to a grey color, the trader should close their trade since, at this time, the forex market may be preparing to move down.
Chart of how to trade using the Adxvma histo final indicator.
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Adxvma Histo Final Forex Indicator Free Download