The ADX Multicurrency Scanner Dashboard is a powerful and versatile tool for traders, offering insights across multiple currencies and timeframes using the Average Directional Index (ADX). Designed to provide clear signals, confluence alerts, and customizable features, this dashboard is a must-have for traders seeking a comprehensive market overview at a glance.
You can find the MT4 version here ADX Multicurrency Scanner MT4
You can find the MT5 version here ADX Multicurrency Scanner MT5
Key Features
-
Multicurrency Monitoring
- Scans multiple currency pairs, including major, minor, and exotic pairs.
- Supports additional symbols like BTCUSD and XAUUSD for diverse trading options.
-
Multi-Timeframe Analysis
- Monitors signals across timeframes ranging from M1 to MN
- Configurable settings to enable or disable scanning for individual timeframes.
-
ADX Indicator Integration
- Uses the Average Directional Index to determine market trends and strength.
- Offers three entry strategies:
- ADX Cross Above Level: Buy when ADX crosses above a threshold level.
- ADX Cross Below Level: Buy when ADX crosses below a threshold level.
- PDI/MDI Crossover: Buy when Positive Directional Index crosses above Negative Directional Index.
-
Confluence Signal Alerts
- Detects and highlights confluence signals when selected timeframes align with the same directional trend.
- Provides alerts for the latest confluence signals, ensuring traders never miss critical opportunities.
-
Custom Alerts and Notifications
- Real-time alerts via pop-ups, email, and push notifications to mobile devices.
- Fully configurable to suit individual trader preferences.
-
Responsive Dashboard Design
- Displays signals in a grid layout, organized by base currencies (e.g., EUR, GBP).
- Symbols are grouped into tables with timeframes as columns and signals as cells.
- Dynamically resizes to fit any screen resolution for seamless usability.
-
Visual Enhancements
- Customizable colors for bullish, bearish, and neutral signals.
- Highlights how many candles ago a signal appeared for quick analysis.
Customization Options
- Pairs List: Add or remove pairs from the scan list to focus on specific markets.
- ADX Settings: Adjust ADX period and levels for personalized analysis.
- Panel Appearance: Modify dashboard dimensions, colors, and font sizes to suit your style.
- Timeframe Filters: Enable or disable scanning for specific timeframes to declutter the dashboard.
How It Works
The dashboard continuously scans selected currency pairs and timeframes based on ADX and its entry strategies. Signals are displayed in a grid format, where each cell indicates the status of a pair on a particular timeframe. Confluence signals trigger alerts when multiple timeframes align, providing actionable trade opportunities.
Why Choose This Dashboard?
- Simplifies market analysis by aggregating data into an intuitive interface.
- Saves time by delivering alerts for actionable signals.
- Customizable to align with your trading strategy and style.
Input Walkthrough
General Settings
- pairsList1 : Specify the list of symbols to scan, separated by commas (e.g., EURUSD,GBPUSD ).
- SCAN_LAST_N_CANDLE : Defines how many candles back the scanner should analyze.
- Panel Customization: Adjust height, width, and text size percentages of the panel with inputs like PANEL_HEIGHT_PCT , PANEL_WIDTH_PCT , and PANEL_TEXT_PCT .
- Colors: Customize the colors of headers, symbols, base currencies (e.g., EUR, USD), and signals (bullish, bearish, neutral) with various color inputs.
Timeframe Signal Settings
- Individual Timeframe Scanning: Enable or disable scanning for specific timeframes (e.g., ENABLE_IND_1M , ENABLE_IND_5M ).
- Confluence Timeframe Scanning: Configure confluence analysis for selected timeframes using inputs like ENABLE_1M , ENABLE_5M .
ADX Settings
- ADX1_PERIOD : Sets the period for ADX calculations.
- ADX1_LEVEL : Defines the threshold level for signal generation.
- entryStrategy : Select the entry strategy for signals:
- Strategy 1: Signals when ADX crosses above the defined level.
- Strategy 2: Signals when ADX crosses below the defined level.
- Strategy 3: Signals based on PDI/MDI crossover.
Alert Settings
- ALLOW_ALERT : Enable or disable pop-up alerts for signals.
- ALLOW_NOTIFICATION : Send push notifications for signals to mobile devices.
- ALLOW_EMAIL : Enable email alerts for trading signals.
Conclusion
The ADX Multicurrency Scanner Dashboard empowers traders by delivering real-time signals and actionable insights. With its robust design, intuitive interface, and customizable options, this tool is perfect for traders seeking reliable ADX-based strategies to enhance their market performance.
Let me know if further refinements or additions are needed!