Slope Scanner (ADX) V1.4 MT4 MT5
The SlopeScanner(ADX) V1.4 is a versatile tool designed to help traders monitor trend strength across multiple currency pairs and timeframes simultaneously. The ADX measures the strength of a trend, regardless of direction. Values above 25 generally indicate a strong trend, while values below 20 suggest a weak or ranging market. Traders often use it alongside the +DI and –DI lines to identify trend direction and potential entry points.
✅ Key Features
| Feature | Description |
|---|---|
| ➤ Multi-Pair Monitoring: | Track multiple currency pairs in a single, consolidated dashboard. |
| ➤ Multi-Timeframe Analysis: | Evaluate trend strength across various timeframes (M1 through MN). |
| ➤ Smart Trend Detection: | Identify turning points based on trend strength. |
| ➤ Real-Time Alerts: | Get Metatrader alerts immediately when trend strength changes. |
| ➤ Color-Coded Visuals: | Easy-to-interpret color signals indicating bullish, bearish, or neutral trends. |
| ➤ Clean & Compact Layout: | Well-organized display that fits neatly on your chart without clutter. |
💡 How It Works
The ADX (Average Directional Index) is a powerful tool for gauging trend strength, helping traders know when to ride the trend rather than fight it. The indicator consists of the ADX line itself, which measures trend strength, and the +DI (D+) and –DI (D–) lines, which show trend direction. When D+ is above D–, the bias is bullish, and when D– is above D+, the bias is bearish. The ADX line rising indicates a strong trend, while a falling ADX signals a weakening trend or a ranging market. This makes the ADX ideal for identifying trending versus sideways conditions and timing entries with confidence.
When the ADX signals a potential trend reversal or momentum shift, the dashboard lights up with a distinct color. This early alert gives you an edge, spotting market changes before traditional crossover signals, so you can trade smarter and more proactively.
⚙️ Input Parameters
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