What is the Williams AD MA Indicator for MT4?

Table of Contents

The Williams AD MA Indicator is an indicator that shows the relationship between the two leading indicators of a currency pair – the AD line and the MACD histogram. It is often used as a way to spot potential price reversals. The indicator was developed by Gerald F. Williams, a well-known technical analyst named after him.

Download the Free Williams AD MA Indicator

How to use the Williams AD MA Indicator for MT4?

The ADMA indicator can be used along with other technical tools to identify potential turning points and reversals in a given market. By combining this indicator with other hands such as Bollinger bands, MACD, etc., traders can get an advanced picture of how a particular market behaves and use this information to their advantage.

Williams AD MA Indicator MT4 trading settings

The Williams AD MA Indicator is calculated using the following formula:

Where:

x = current value of the AD line (the horizontal axis)

y = square of the difference between the two values of the AD line (the vertical axis)

e = engineering indicator, which measures the lagging difference between two values of a hand (E in this case)

d = data error term, which accounts for any external influences on a currency’s value (d in this case)

The Williams AD MA Indicator can gauge market sentiment and volatility, helping traders decide whether or not to trade a particular currency pair based on their analysis and beliefs.

Williams AD MA Indicator Advantages

The ADMA indicator has advantages over other hands, such as Bollinger bands and MACD, because it provides more detail and allows for better precision in predicting direction changes. Additionally, it can be combined with other indicators, such as RSI or SMA, to give a complete picture of trend strength.

Williams AD MA Indicator Disadvantages

The AD MA indicator has its advantages and disadvantages. Benefits include providing an easy-to-understand tool for analyzing market trends and visual cues for determining whether prices increase or decrease. Penalties may consist of being overly simplistic and not considering all factors that could affect a given market, as well as varying levels of accuracy among different traders and platforms.

Indicator installation on MT4

To install the Williams AD MA Indicator on MT4, follow these steps:

Download the Williams AD MA Indicator file (.mq4) to your computer.
Open your MT4 platform and click “File” in the top left corner.
Select “Open Data Folder” from the drop-down menu.
In the window that appears, open the “MQL4” folder and the “Indicators” folder.
Copy the Williams AD MA Indicator file you downloaded into this “Indicators” folder.
Close the data folder window and return to your MT4 platform.
From the “Navigator” window on the left-hand side of the platform, find the “Indicators” folder.
Click on the triangle next to the “Indicators” folder to expand it.
You should now see the Williams AD MA Indicator listed.
Drag and drop the Williams AD MA Indicator onto the chart you want to use it with.
A window will allow you to adjust the indicator settings to your liking.
Once satisfied with the settings, click “OK” to apply the Williams AD MA Indicator to your chart.

You should now see the Williams AD MA Indicator displayed on your chart.

Williams AD MA Indicator mt4 free download

Conclusion

The Williams AD MA Indicator is valuable for analyzing market trends and deciding whether prices increase or decrease. However, it may not be accurate in all cases and should only be used as a starting point for further analysis.