Slope Scanner (ADX) V1.4 MT4 MT5
The SlopeScanner(ADX) V1.4 is a powerful tool for monitoring trend strength across multiple currency pairs and timeframes simultaneously. The ADX measures the intensity of a trend, regardless of its direction, with values above 25 typically signaling a strong trend and values below 20 indicating a weak or ranging market. By combining the ADX with the +DI and –DI lines, traders can pinpoint trend direction and identify potential entry opportunities with greater confidence.
✅ 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 an essential tool for gauging trend strength, helping traders know when to ride a trend rather than fight it. It consists of three lines: the ADX line, which measures trend intensity, and the +DI (D+) and –DI (D–) lines, which indicate trend direction. When D+ is above D–, the market bias is bullish; when D– is above D+, the bias is bearish. A rising ADX signals a strong trend, while a falling ADX points to weakening momentum or a ranging market, making the ADX ideal for distinguishing trending conditions from sideways markets and timing entries with confidence.
This dashboard continuously calculates the slope of the ADX across your selected currency pairs and timeframes. By measuring the difference between the current and previous ADX values, it identifies changes in trend strength early. When the slope shifts from rising to falling or vice versa, the dashboard highlights this with a distinctive color, giving traders early alerts to potential momentum shifts or trend reversals. These slope signals provide actionable insights before traditional ADX signals fully materialize, allowing for more proactive trading decisions.
⚙️ Input Parameters
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