ADX Forecast [Titans_Invest]ADX Forecast
This isn’t just another ADX indicator — it’s the most powerful and complete ADX tool ever created, and without question the best ADX indicator on TradingView, possibly even the best in the world.
ADX Forecast represents a revolutionary leap in trend strength analysis, blending the timeless principles of the classic ADX with cutting-edge predictive modeling. For the first time on TradingView, you can anticipate future ADX movements using scientifically validated linear regression — a true game-changer for traders looking to stay ahead of trend shifts.
1. Real-Time ADX Forecasting
By applying least squares linear regression, ADX Forecast projects the future trajectory of the ADX with exceptional accuracy. This forecasting power enables traders to anticipate changes in trend strength before they fully unfold — a vital edge in fast-moving markets.
2. Unmatched Customization & Precision
With 26 long entry conditions and 26 short entry conditions, this indicator accounts for every possible ADX scenario. Every parameter is fully customizable, making it adaptable to any trading strategy — from scalping to swing trading to long-term investing.
3. Transparency & Advanced Visualization
Visualize internal ADX dynamics in real time with interactive tags, smart flags, and fully adjustable threshold levels. Every signal is transparent, logic-based, and engineered to fit seamlessly into professional-grade trading systems.
4. Scientific Foundation, Elite Execution
Grounded in statistical precision and machine learning principles, ADX Forecast upgrades the classic ADX from a reactive lagging tool into a forward-looking trend prediction engine. This isn’t just an indicator — it’s a scientific evolution in trend analysis.
⯁ SCIENTIFIC BASIS LINEAR REGRESSION
Linear Regression is a fundamental method of statistics and machine learning, used to model the relationship between a dependent variable y and one or more independent variables 𝑥.
The general formula for a simple linear regression is given by:
y = β₀ + β₁x + ε
β₁ = Σ((xᵢ - x̄)(yᵢ - ȳ)) / Σ((xᵢ - x̄)²)
β₀ = ȳ - β₁x̄
Where:
y = is the predicted variable (e.g. future value of RSI)
x = is the explanatory variable (e.g. time or bar index)
β0 = is the intercept (value of 𝑦 when 𝑥 = 0)
𝛽1 = is the slope of the line (rate of change)
ε = is the random error term
The goal is to estimate the coefficients 𝛽0 and 𝛽1 so as to minimize the sum of the squared errors — the so-called Random Error Method Least Squares.
⯁ LEAST SQUARES ESTIMATION
To minimize the error between predicted and observed values, we use the following formulas:
β₁ = /
β₀ = ȳ - β₁x̄
Where:
∑ = sum
x̄ = mean of x
ȳ = mean of y
x_i, y_i = individual values of the variables.
Where:
x_i and y_i are the means of the independent and dependent variables, respectively.
i ranges from 1 to n, the number of observations.
These equations guarantee the best linear unbiased estimator, according to the Gauss-Markov theorem, assuming homoscedasticity and linearity.
⯁ LINEAR REGRESSION IN MACHINE LEARNING
Linear regression is one of the cornerstones of supervised learning. Its simplicity and ability to generate accurate quantitative predictions make it essential in AI systems, predictive algorithms, time series analysis, and automated trading strategies.
By applying this model to the ADX, you are literally putting artificial intelligence at the heart of a classic indicator, bringing a new dimension to technical analysis.
⯁ VISUAL INTERPRETATION
Imagine an ADX time series like this:
Time →
ADX →
The regression line will smooth these values and extend them n periods into the future, creating a predicted trajectory based on the historical moment. This line becomes the predicted ADX, which can be crossed with the actual ADX to generate more intelligent signals.
⯁ SUMMARY OF SCIENTIFIC CONCEPTS USED
Linear Regression Models the relationship between variables using a straight line.
Least Squares Minimizes the sum of squared errors between prediction and reality.
Time Series Forecasting Estimates future values based on historical data.
Supervised Learning Trains models to predict outputs from known inputs.
Statistical Smoothing Reduces noise and reveals underlying trends.
⯁ WHY THIS INDICATOR IS REVOLUTIONARY
Scientifically-based: Based on statistical theory and mathematical inference.
Unprecedented: First public ADX with least squares predictive modeling.
Intelligent: Built with machine learning logic.
Practical: Generates forward-thinking signals.
Customizable: Flexible for any trading strategy.
⯁ CONCLUSION
By combining ADX with linear regression, this indicator allows a trader to predict market momentum, not just follow it.
ADX Forecast is not just an indicator — it is a scientific breakthrough in technical analysis technology.
⯁ Example of simple linear regression, which has one independent variable:
⯁ In linear regression, observations ( red ) are considered to be the result of random deviations ( green ) from an underlying relationship ( blue ) between a dependent variable ( y ) and an independent variable ( x ).
⯁ Visualizing heteroscedasticity in a scatterplot against 100 random fitted values using Matlab:
⯁ The data sets in the Anscombe's quartet are designed to have approximately the same linear regression line (as well as nearly identical means, standard deviations, and correlations) but are graphically very different. This illustrates the pitfalls of relying solely on a fitted model to understand the relationship between variables.
⯁ The result of fitting a set of data points with a quadratic function:
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🥇 This is the world’s first ADX indicator with: Linear Regression for Forecasting 🥇_______________________________________________________________________
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🔮 Linear Regression: PineScript Technical Parameters 🔮
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Forecast Types:
• Flat: Assumes prices will remain the same.
• Linreg: Makes a 'Linear Regression' forecast for n periods.
Technical Information:
ta.linreg (built-in function)
Linear regression curve. A line that best fits the specified prices over a user-defined time period. It is calculated using the least squares method. The result of this function is calculated using the formula: linreg = intercept + slope * (length - 1 - offset), where intercept and slope are the values calculated using the least squares method on the source series.
Syntax:
• Function: ta.linreg()
Parameters:
• source: Source price series.
• length: Number of bars (period).
• offset: Offset.
• return: Linear regression curve.
This function has been cleverly applied to the RSI, making it capable of projecting future values based on past statistical trends.
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⯁ WHAT IS THE ADX❓
The Average Directional Index (ADX) is a technical analysis indicator developed by J. Welles Wilder. It measures the strength of a trend in a market, regardless of whether the trend is up or down.
The ADX is an integral part of the Directional Movement System, which also includes the Plus Directional Indicator (+DI) and the Minus Directional Indicator (-DI). By combining these components, the ADX provides a comprehensive view of market trend strength.
⯁ HOW TO USE THE ADX❓
The ADX is calculated based on the moving average of the price range expansion over a specified period (usually 14 periods). It is plotted on a scale from 0 to 100 and has three main zones:
• Strong Trend: When the ADX is above 25, indicating a strong trend.
• Weak Trend: When the ADX is below 20, indicating a weak or non-existent trend.
• Neutral Zone: Between 20 and 25, where the trend strength is unclear.
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⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
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🔹 CONDITIONS TO BUY 📈
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
🔹 +DI > -DI
🔹 +DI < -DI
🔹 +DI > ADX
🔹 +DI < ADX
🔹 -DI > ADX
🔹 -DI < ADX
🔹 ADX > Threshold
🔹 ADX < Threshold
🔹 +DI > Threshold
🔹 +DI < Threshold
🔹 -DI > Threshold
🔹 -DI < Threshold
🔹 +DI (Crossover) -DI
🔹 +DI (Crossunder) -DI
🔹 +DI (Crossover) ADX
🔹 +DI (Crossunder) ADX
🔹 +DI (Crossover) Threshold
🔹 +DI (Crossunder) Threshold
🔹 -DI (Crossover) ADX
🔹 -DI (Crossunder) ADX
🔹 -DI (Crossover) Threshold
🔹 -DI (Crossunder) Threshold
🔮 +DI (Crossover) -DI Forecast
🔮 +DI (Crossunder) -DI Forecast
🔮 ADX (Crossover) +DI Forecast
🔮 ADX (Crossunder) +DI Forecast
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🔸 CONDITIONS TO SELL 📉
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
🔸 +DI > -DI
🔸 +DI < -DI
🔸 +DI > ADX
🔸 +DI < ADX
🔸 -DI > ADX
🔸 -DI < ADX
🔸 ADX > Threshold
🔸 ADX < Threshold
🔸 +DI > Threshold
🔸 +DI < Threshold
🔸 -DI > Threshold
🔸 -DI < Threshold
🔸 +DI (Crossover) -DI
🔸 +DI (Crossunder) -DI
🔸 +DI (Crossover) ADX
🔸 +DI (Crossunder) ADX
🔸 +DI (Crossover) Threshold
🔸 +DI (Crossunder) Threshold
🔸 -DI (Crossover) ADX
🔸 -DI (Crossunder) ADX
🔸 -DI (Crossover) Threshold
🔸 -DI (Crossunder) Threshold
🔮 +DI (Crossover) -DI Forecast
🔮 +DI (Crossunder) -DI Forecast
🔮 ADX (Crossover) +DI Forecast
🔮 ADX (Crossunder) +DI Forecast
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🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
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⯁ UNIQUE FEATURES
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Linear Regression: (Forecast)
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
Linear Regression (Forecast)
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Table of Conditions: BUY/SELL
Conditions Label: BUY/SELL
Plot Labels in the graph above: BUY/SELL
Automate & Monitor Signals/Alerts: BUY/SELL
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📜 SCRIPT : ADX Forecast
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy!
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o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
Average Directional Index (ADX)
Directional Movement Index (DMI) + AlertsThis is a Study with associated visual indicators and Bullish/Bearish Alerts for Directional Movement (DMI). It consists of an Average Directional Index (ADX), Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).
Published by J. Welles Wilder in 1978 for use with currencies and commodities which are typically more volatile than stocks and have stronger trends.
Development Notes
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This indicator, and most of the descriptions below, were derived largely from the TradingView reference manual. Feedback and suggestions for improvement are more than welcome, as well are recommended Input settings and best practices for use.
tradingview.com/chart/?solution=43000502250
Strategy Description
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ADX defines whether or not there is a trend present; +DI and -DI compliment the ADX by taking direction into account. An ADX above 25 indicates a strong trend, and a Bullish alert is subsequently triggered when +DI is above -DI and a Bearish alert when -DI is above +DI.
Note that the Bullish or Bearish crossover alert will only trigger if ADX is simultaneously above 25 during the crossover event. If ADX later rises to 25 and +DI is still greater than -DI, or -DI greater than +DI, then a delayed alert will not trigger by design.
Basic Use
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Acceptable DMI values are up to the trader's interpretation and may change depending on the financial instrument being examined. Recommend not changing any default values without being first familiar with their purpose and impact on the indicator at large.
Confidence in price action and trend is higher when two or more indicators are in agreement -- therefore we recommend not using this indicator by itself to determine entry or exit trade opportunities.
Recommend also choosing 'Once Per Bar Close' when creating alerts.
Inputs
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ADX Smoothing - the time period to be used in calculating the ADX which has a smoothing component (14 is the Default).
DI Length - the time period to be used in calculating the DI (14 is the Default).
Key Level - any trade with the ADX above the key level is a strong indicator that it is trending (23 to 25 is the suggested setting).
Sensitivity - an incremental variable to test whether the past n candles are in the same bullish or bearish state before triggering a delayed crossover alert (3 is the Default). Filter out some noise and reduces active alerts.
Show ADX Option - two visual styles are provided for user preference, a visible ADX line or a background overlay (green or red when ADX is above the key level, for bullish or bearish, and gray when below).
Color Candles - an option to transpose the bullish and bearish crossovers to the main candle bars. Can be turned off in the Style Tab by deselecting 'Bar Colors'. Dark blue is bullish, dark purple is bearish, and the black inner color is neutral. Note that the outer red and green border will still be distinguished by whether each individual candle is bearish or bullish during the specified timeframe.
Indicator Visuals
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Bullish or Bearish plot based on DMI strategy (ADX and +/-DI values).
Visual cues are intended to improve analysis and decrease interpretation time during trading, as well as to aid in understanding the purpose of this study and how its inclusion can benefit a comprehensive trading strategy.
Trend Strength
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To analyze trend strength, the focus should be on the ADX line and not the +DI or -DI lines. An ADX reading above 25 indicates a strong trend, while a reading below 20 indicates a weak or non-existent trend. A reading between those two values would be considered indeterminable. Though what is truly a strong trend or a weak trend depends on the financial instrument being examined; historical analysis can assist in determining appropriate values.
Bullish DI Cross
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1. ADX must be over 25 (strong trend) (value is determined by the trader)
2. +DI cross above -DI
3. Set Stop Loss at the current day's low (any +DI cross-backs below -DI should be ignored)
4. Set trailing stop if ADX strengthens (i.e., signal rises)
Bearish DI Cross
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1. ADX must be over 25 (strong trend) (value is determined by the trader)
2. -DI cross above +DI
3. Set Stop Loss at the current day's high (any -DI cross-backs below +DI should be ignored)
4. Set trailing stop if ADX strengthens (i.e., signal rises)
Disclaimer
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This post and the script are not intended to provide any financial advice. Trade at your own risk.
No known repainting.
Version 1.1
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- Added multi-timeframe resolution using PineCoders secure security function to eliminate repainting.
- Cleaned up option for selecting ADX view; and added a colored line as a choice, based on same bullish, bearish, or neutral colors as the background.
- Added exit crossover indicator to aid in an overall strategy development. This ability pairs better with my CHOP Zone Entry Strategy which relies on DMI Exits. Note that exit conditions don't employ the sensitivity variable. Green labels are for Bullish exits and red are for Bearish.
-- Exit condition is triggered if in an active Bullish or Bearish position and ADX drops below 25, Or if either the -DI crosses above +DI (for previously Bullish) or +DI crosses above -DI (for previously Bearish).
- Added reverse position determination. Triggers when a Bullish entry occurs on the same candle as a Bearish exit, or vice versa. Green labels are for Bullish reverses and red are for Bearish.
- Added selectable option to choose visible labels -- Bearish, Bullish, Both, Exits, Reverses, or All.
-- Note that a reverse label will only show if the opposing entry and exit labels are set to show, otherwise the reverse will revert to the appropriate entry or exit on the chart.
- Added alerts to account for new conditions.
-- Note that alerts for crossovers, exits, and reverses will only be triggered if the associated labels are selected to be shown (i.e., what you choose to see on the chart is what you will be alerted to).
Version 1.2
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- Changed exit condition to be decided on by whether ADX is below 25 and on a +/-DI crossover. Versus being either or. The previous version had too many false triggers. This variety can now show multiple Bullish or Bearish alerts before an Exit condition too. I'm tempted to simply make this condition based on ADX, and not DI … thoughts? See lines 138 and 139.
- Updated the Background view to have deeper shades of colors dependent upon the ADX trend strength.
- Added an Oscillator view for the ADX and momentum computations to color the histogram by trend. DI lines are hidden.
-- If ADX is Bullish, then the oscillator is colored light green in an uptrend and dark green in a downtrend; if Bearish, then its light red in an uptrend and dark redin a downtrend; if adx is below key level, then it is light gray in a downtrend and dark grey in the uptrend.
- Added option to Hide ADX in case only the Directional lines are desired. This could be useful if you would like to have the ADX oscillator in one panel and +/-DI crossovers in another.
- Added a Columnar view for the ADX. DI lines are hidden. This view is really simple and compact, with the trend strength still easily understood. Colors are the same as for the oscillator -- the deeper the shade of green or red, then the higher the ADX trend strength level.
- Added a Trend Strength label.
ADX Trend Strength Trade (Y/N) Setup Types
0 to 10 = Barely Breathing N N/A
10 to 20 = Weak Trend Y Range/Pre-Breakout
20 to 30 = Potentially Starting to Trend Y Early Stage Trend
30 to 50 = Strong Trend Y Ride the Wave
50 to 75 = Very Strong Trend N Exhaustion
75 to 100 = Extremely Strong Trend N N/A
Version 1.3
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Updated to Pine Script v5 to resolve errors from the deprecated v4 version.
This is a reissue of a previously published script that was hidden due to a v4 compatibility issue.
'https://www.tradingview.com/script/9OoEHrv5-Directional-Movement-Index-DMI-Alerts/'
ADX Full [Titans_Invest]ADX Full
This is, without a doubt, the most complete ADX indicator available on TradingView — and quite possibly the most advanced in the world. We took the classic ADX structure and fully optimized it, preserving its essence while elevating its functionality to a whole new level. Every aspect has been enhanced — from internal logic to full visual customization. Now you can see exactly what’s happening inside the indicator in real time, with tags, flags, and informative levels. This indicator includes over 22 long entry conditions and 22 short entry conditions , covering absolutely every possibility the ADX can offer. Everything is transparent, adjustable, and ready to fit seamlessly into any professional trading strategy. This isn’t just another ADX — it’s the definitive ADX, built for traders who take the market seriously.
⯁ WHAT IS THE ADX❓
The Average Directional Index (ADX) is a technical analysis indicator developed by J. Welles Wilder. It measures the strength of a trend in a market, regardless of whether the trend is up or down.
The ADX is an integral part of the Directional Movement System, which also includes the Plus Directional Indicator (+DI) and the Minus Directional Indicator (-DI). By combining these components, the ADX provides a comprehensive view of market trend strength.
⯁ HOW TO USE THE ADX❓
The ADX is calculated based on the moving average of the price range expansion over a specified period (usually 14 periods). It is plotted on a scale from 0 to 100 and has three main zones:
Strong Trend: When the ADX is above 25, indicating a strong trend.
Weak Trend: When the ADX is below 20, indicating a weak or non-existent trend.
Neutral Zone: Between 20 and 25, where the trend strength is unclear.
⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
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🔹 CONDITIONS TO BUY 📈
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
🔹 +DI > -DI
🔹 +DI < -DI
🔹 +DI > ADX
🔹 +DI < ADX
🔹 -DI > ADX
🔹 -DI < ADX
🔹 ADX > Threshold
🔹 ADX < Threshold
🔹 +DI > Threshold
🔹 +DI < Threshold
🔹 -DI > Threshold
🔹 -DI < Threshold
🔹 +DI (Crossover) -DI
🔹 +DI (Crossunder) -DI
🔹 +DI (Crossover) ADX
🔹 +DI (Crossunder) ADX
🔹 +DI (Crossover) Threshold
🔹 +DI (Crossunder) Threshold
🔹 -DI (Crossover) ADX
🔹 -DI (Crossunder) ADX
🔹 -DI (Crossover) Threshold
🔹 -DI (Crossunder) Threshold
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🔸 CONDITIONS TO SELL 📉
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
🔸 +DI > -DI
🔸 +DI < -DI
🔸 +DI > ADX
🔸 +DI < ADX
🔸 -DI > ADX
🔸 -DI < ADX
🔸 ADX > Threshold
🔸 ADX < Threshold
🔸 +DI > Threshold
🔸 +DI < Threshold
🔸 -DI > Threshold
🔸 -DI < Threshold
🔸 +DI (Crossover) -DI
🔸 +DI (Crossunder) -DI
🔸 +DI (Crossover) ADX
🔸 +DI (Crossunder) ADX
🔸 +DI (Crossover) Threshold
🔸 +DI (Crossunder) Threshold
🔸 -DI (Crossover) ADX
🔸 -DI (Crossunder) ADX
🔸 -DI (Crossover) Threshold
🔸 -DI (Crossunder) Threshold
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🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
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⯁ UNIQUE FEATURES
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Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Table of Conditions: BUY/SELL
Conditions Label: BUY/SELL
Plot Labels in the graph above: BUY/SELL
Automate & Monitor Signals/Alerts: BUY/SELL
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📜 SCRIPT : ADX Full
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy!
______________________________________________________
o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
TUE ADX/MACD Confluence Strategy V1.0📈 TUE ADX/MACD Confluence Strategy with SL/TP & PineConnector Integration
This strategy is designed to capture trend-following entries using the ADX (Average Directional Index) and MACD (Moving Average Convergence Divergence) indicators, enhanced with built-in Stop Loss (SL) and Take Profit (TP) management. It is fully compatible with PineConnector, allowing for real-time trade automation on supported brokers via MT4/MT5.
🔍 Core Logic:
Entry Signals:
Long Entry: When +DI > -DI, MACD Line > Signal Line, and ADX confirms a strong trend.
Short Entry: When -DI > +DI, MACD Line < Signal Line, and ADX confirms a strong trend.
Risk Management:
Configurable Stop Loss and Take Profit percentages.
Exits are triggered when either SL or TP is hit.
Projections:
Visual SL/TP projection lines for each position.
Overlay:
Colored candles for visual trend confirmation.
Entry markers for quick signal recognition.
🔧 Customizable Inputs:
ADX & MACD lengths
SL/TP percentages
Candle coloring toggle
Signal visibility toggle
🟢 PineConnector Integration:
This strategy is ideal for use with PineConnector, enabling you to:
Execute trades in real time on your preferred broker.
Use it in live, paper, or demo trading environments.
Automate your strategy with zero coding — simply connect, authorize, and trade.
Simple ScreenerThis is a basic easy to use screener.
In the code you will find an area with all the tickers and you can add your own it will look like this.
It uses the RSI, TSI, ADX, AND SUPER TREND! The code is open source if you would like to tinker and make it better with it. please message me if you have any questions or request.
s01 = input.symbol('AMD', group = 'Symbols', inline = 's01')
s02 = input.symbol('GOOG', group = 'Symbols', inline = 's02')
s03 = input.symbol('BKNG', group = 'Symbols', inline = 's03')
s04 = input.symbol('NIO', group = 'Symbols', inline = 's04')
s05 = input.symbol('NVDA', group = 'Symbols', inline = 's05')
s06 = input.symbol('SPY', group = 'Symbols', inline = 's06')
s07 = input.symbol('QQQ', group = 'Symbols', inline = 's07')
s08 = input.symbol('DIA', group = 'Symbols', inline = 's08')
s09 = input.symbol('IWM', group = 'Symbols', inline = 's09')
s10 = input.symbol('LCID', group = 'Symbols', inline = 's10')
s11 = input.symbol('PTON', group = 'Symbols', inline = 's11')
s12 = input.symbol('PLUG', group = 'Symbols', inline = 's12')
s13 = input.symbol('PLTR', group = 'Symbols', inline = 's13')
s14 = input.symbol('TSLA', group = 'Symbols', inline = 's14')
s15 = input.symbol('AMZN', group = 'Symbols', inline = 's15')
s16 = input.symbol('AAPL', group = 'Symbols', inline = 's16')
s17 = input.symbol('BA', group = 'Symbols', inline = 's17')
s18 = input.symbol('VXX', group = 'Symbols', inline = 's18')
s19 = input.symbol('OXY', group = 'Symbols', inline = 's19')
s20 = input.symbol('JNJ', group = 'Symbols', inline = 's20')
Just replace with the ticker that you would prefer!
ADX Divergence and Gap Monitor [theUltimator5]ADX Divergence and Gap Monitor is a custom technical analysis tool designed to visualize momentum imbalances and sudden shifts in trend participation using the ADX system. It combines traditional ADX, DI+ and DI− calculations with dynamic filtering and visual highlighting to help identify key moments of directional acceleration or weakening.
🔍 What It Does:
This indicator builds on the Average Directional Index (ADX) system to detect conditions where market trend strength diverges significantly from directional input (DI) activity. It includes two major visual signals:
Highlight Backgrounds
These appear when the indicator detects a “gap” or sudden acceleration in DI values while ADX remains low, suggesting early-stage momentum bursts or signal noise spikes.
The trigger threshold for DI change can be adjusted using the Gap Trigger Level input.
A background highlight is shown when DI+ or DI− increases sharply, either from a low-ADX environment or from a rapid standalone spike.
GAP Markers
Optional yellow label markers display the word "GAP" just below the lowest line (ADX, DI+, or DI−) whenever a gap condition is triggered. These provide a more noticeable visual cue without crowding the chart.
You can enable or disable the markers with the Show GAP Markers toggle.
🧠 Advanced Divergence Detection:
The script also scans for dominant ADX divergence events, where ADX is significantly higher than DI+ or DI−, indicating strong trend force with weak directional participation. When these conditions are met:
Red or green background fills appear depending on whether DI+ or DI− is being overpowered.
These conditions are based on customizable moving averages and DI strength relationships.
⚙️ Key Inputs:
ADX Length: Period for ADX calculation
DI Moving Average: Smoothing length for directional index signals
Gap Trigger Level: Minimum DI change needed to trigger a GAP highlight
Show Highlight Backgrounds: Toggle to display or hide background signals
Show GAP Markers: Toggle to show or hide text-based GAP labels
🧪 Use Cases:
Spot early breakouts or reversals when DI activity spikes while ADX is still low
Identify periods of trend exhaustion or false breakouts using divergence logic
Confirm trade entry points when ADX begins to rise after a GAP event
ADX with Shaded ZoneThe ADX with Shaded Zone indicator is a momentum-based tool that visualizes trend strength using the Average Directional Index (ADX) along with the +DI and -DI lines. This indicator enhances the traditional ADX setup by adding a shaded zone between ADX levels 20 and 25, helping traders easily identify the transition area between non-trending and trending market conditions.
It plots:
+DI (Green): Positive Directional Indicator
−DI (Red): Negative Directional Indicator
ADX (Blue): Measures the strength of the trend
Shaded Zone: Highlights the indecisive range where ADX is below 25 (gray background between levels 20 and 25)
⚙️ How to Use:
✅ Trend Identification:
ADX < 20: Weak or no trend. Avoid trend-following strategies.
ADX 20–25 (Shaded Zone): Transition zone. Potential trend forming — stay cautious.
ADX > 25: Stronger trend. Favor trend-following strategies.
✅ Direction Confirmation:
If +DI > -DI and ADX > 25 → Uptrend confirmation.
If -DI > +DI and ADX > 25 → Downtrend confirmation.
Crossovers between +DI and -DI can be used as early signals.
✅ Shaded Zone Use:
The gray shaded area helps visually filter out low-trend strength conditions.
Useful for trend traders to wait before entering until ADX breaks above 25.
[SM-042] EMA 5-8-13 with ADX FilterWhat is the strategy?
The strategy combines three exponential moving averages (EMAs) — 5, 8, and 13 periods — with an optional ADX (Average Directional Index) filter. It is designed to enter long or short positions based on EMA crossovers and to exit positions when the price crosses a specific EMA. The ADX filter, if enabled, adds a condition that only allows trades when the ADX value is above a certain threshold, indicating trend strength.
Who is it for?
This strategy is for traders leveraging EMAs and trend strength indicators to make trade decisions. It can be used by anyone looking for a simple trend-following strategy, with the flexibility to adjust for trend strength using the ADX filter.
When is it used?
- **Long trades**: When the 5-period EMA crosses above the 8-period EMA, with an optional ADX condition (if enabled) that requires the ADX value to be above a specified threshold.
- **Short trades**: When the 5-period EMA crosses below the 8-period EMA, with the ADX filter again optional.
- **Exits**: The strategy exits a long position when the price falls below the 13-period EMA and exits a short position when the price rises above the 13-period EMA.
Where is it applied?
This strategy is applied on a chart with any asset on TradingView, with the EMAs and ADX plotted for visual reference. The strategy uses `strategy.entry` to open positions and `strategy.close` to close them based on the set conditions.
Why is it useful?
This strategy helps traders identify trending conditions and filter out potential false signals by using both EMAs (to capture short-term price movements) and the ADX (to confirm the strength of the trend). The ADX filter can be turned off if not desired, making the strategy flexible for both trending and range-bound markets.
How does it work?
- **EMA Crossover**: The strategy enters a long position when the 5-period EMA crosses above the 8-period EMA, and enters a short position when the 5-period EMA crosses below the 8-period EMA.
- **ADX Filter**: If enabled, the strategy checks whether the ADX value is above a set threshold (default is 20) before allowing a trade.
- **Exit Conditions**: Long positions are closed when the price falls below the 13-period EMA, and short positions are closed when the price rises above the 13-period EMA.
- **Plotting**: The strategy plots the three EMAs and the ADX value on the chart for visualization. It also displays a horizontal line at the ADX threshold.
This setup allows for clear decision-making based on the interaction between different time-frame EMAs and trend strength as indicated by ADX.
RSI + ADX + ATR Combo Indicator: RSI + ADX + ATR Combo Filter
This indicator is a confluence filter tool that combines RSI, ADX, and ATR into a single, easy-to-read chart overlay. It is designed to help traders identify low-volatility, non-trending zones with balanced momentum—ideal for strategies that rely on breakouts or reversals.
🔍 Core Components:
RSI (Relative Strength Index)
Standard RSI with custom upper and lower bounds (default: 60 and 40).
Filters out extreme overbought/oversold regions and focuses on price consolidation zones.
ADX (Average Directional Index)
Measures trend strength.
When ADX is below a custom threshold (default: 20), it indicates a weak or range-bound trend.
ATR (Average True Range)
Represents volatility.
Low ATR values (default threshold: 2.5) are used to filter out high-volatility environments, helping refine entries.
🟣 Signal Logic:
A signal is highlighted with a background color when all three conditions are met:
RSI is between lower and upper bounds (e.g., 40 < RSI < 60) ✅
ADX is below the trend threshold (e.g., ADX < 20) ✅
ATR is below the volatility threshold (e.g., ATR < 2.5) ✅
These combined conditions suggest a low-volatility, low-trend strength, and balanced momentum zone—perfect for anticipating breakouts or strong directional moves.
Reversal Trading Bot Strategy[BullByte]Overview :
The indicator Reversal Trading Bot Strategy is crafted to capture potential market reversal points by combining momentum, volatility, and trend alignment filters. It uses a blend of technical indicators to identify both bullish and bearish reversal setups, ensuring that multiple market conditions are met before entering a trade.
Core Components :
Technical Indicators Used :
RSI (Relative Strength Index) :
Purpose : Detects divergence conditions by comparing recent lows/highs in price with the RSI.
Parameter : Length of 8.
Bollinger Bands (BB) :
Purpose : Measures volatility and identifies price levels that are statistically extreme.
Parameter : Length of 20 and a 2-standard deviation multiplier.
ADX (Average Directional Index) & DMI (Directional Movement Index) :
Purpose : Quantifies the strength of the trend. The ADX threshold is set at 20, and additional filters check for the alignment of the directional indicators (DI+ and DI–).
ATR (Average True Range) :
Purpose : Provides a volatility measure used to set stop levels and determine risk through trailing stops.
Volume SMA (Simple Moving Average of Volume ):
Purpose : Helps confirm strength by comparing the current volume against a 20-period average, with an optional filter to ensure volume is at least twice the SMA.
User-Defined Toggle Filters :
Volume Filter : Confirms that the volume is above average (or twice the SMA) before taking trades.
ADX Trend Alignment Filter : Checks that the ADX’s directional indicators support the trade direction.
BB Close Confirmation : Optionally refines the entry by requiring price to be beyond the upper or lower Bollinger Band rather than just above or below.
RSI Divergence Exit : Allows the script to close positions if RSI divergence is detected.
BB Mean Reversion Exit : Closes positions if the price reverts to the Bollinger Bands’ middle line.
Risk/Reward Filter : Ensures that the potential reward is at least twice the risk by comparing the distance to the Bollinger Band with the ATR.
Candle Movement Filter : Optional filter to require a minimum percentage move in the candle to confirm momentum.
ADX Trend Exit : Closes positions if the ADX falls below the threshold and the directional indicators reverse.
Entry Conditions :
Bullish Entry :
RSI Divergence : Checks if the current close is lower than a previous low while the RSI is above the previous low, suggesting bullish divergence.
Bollinger Confirmation : Requires that the price is above the lower (or upper if confirmation is toggled) Bollinger Band.
Volume & Trend Filters : Combines volume condition, ADX strength, and an optional candle momentum condition.
Risk/Reward Check : Validates that the trade meets a favorable risk-to-reward ratio.
Bearish Entry :
Uses a mirror logic of the bullish entry by checking for bearish divergence, ensuring the price is below the appropriate Bollinger level, and confirming volume, trend strength, candle pattern, and risk/reward criteria.
Trade Execution and Exit Strateg y:
Trade Execution :
Upon meeting the entry conditions, the strategy initiates a long or short position.
Stop Loss & Trailing Stops :
A stop-loss is dynamically set using the ATR value, and trailing stops are implemented as a percentage of the close price.
Exit Conditions :
Additional exit filters can trigger early closures based on RSI divergence, mean reversion (via the middle Bollinger Band), or a weakening trend as signaled by ADX falling below its threshold.
This multi-layered exit strategy is designed to lock in gains or minimize losses if the market begins to reverse unexpectedly.
How the Strategy Works in Different Market Conditions :
Trending Markets :
The ADX filter ensures that trades are only taken when the trend is strong. When the market is trending, the directional movement indicators help confirm the momentum, making the reversal signal more reliable.
Ranging Markets :
In choppy markets, the Bollinger Bands expand and contract, while the RSI divergence can highlight potential turning points. The optional filters can be adjusted to avoid false signals in low-volume or low-volatility conditions.
Volatility Management :
With ATR-based stop-losses and a risk/reward filter, the strategy adapts to current market volatility, ensuring that risk is managed consistently.
Recommendation on using this Strategy with a Trading Bot :
This strategy is well-suited for high-frequency trading (HFT) due to its ability to quickly identify reversal setups and execute trades dynamically with automated stop-loss and trailing exits. By integrating this script with a TradingView webhook-based bot or an API-driven execution system, traders can automate trade entries and exits in real-time, reducing manual execution delays and capitalizing on fast market movements.
Disclaimer :
This script is provided for educational and informational purposes only. It is not intended as investment advice. Trading involves significant risk, and you should always conduct your own research and analysis before making any trading decisions. The author is not responsible for any losses incurred while using this script.
TriTrend Nexus[BullByte]TriTrend Nexus is a comprehensive market analysis tool that consolidates three well-established signals into a single, easy-to-read interface. It is designed to help traders quickly assess the market’s current condition and make more informed decisions about potential trend shifts.
Key Features and Functionality
Composite Signal System
Multi-Faceted Approach :
The indicator combines insights from three distinct market signals into one composite score. This approach provides a more holistic view of market conditions compared to relying on a single indicator.
Clear Classification :
Based on the composite score, TriTrend Nexus categorizes the market into:
Strong Signals : When all three underlying conditions are met, indicating a robust and established trend.
Early Signals : When two out of the three conditions are met, offering an early hint of a potential trend.
Neutral/Choppy : When conditions are ambiguous or conflicting, suggesting a lack of clear market direction.
Trend Qualifiers :
In addition to the composite score, the indicator subtly refines its signal by noting whether a trend is “Rising” or “Fading.” This further aids traders in understanding the momentum behind the signal.
Dynamic Signal Identification
Timely Alerts :
By analyzing the composite data in real time, the indicator quickly identifies when market conditions shift, offering early warning signals that help traders stay ahead of the market.
Adaptive Analysis :
The built-in signal assessment continuously monitors market changes. Whether the market is in the early stages of a move or firmly committed to a trend, TriTrend Nexus adapts its messaging to reflect the evolving conditions.
User-Friendly Dashboard
Integrated Display :
A customizable dashboard provides an at-a-glance summary of key metrics. Users can choose between a detailed view for comprehensive insights or a compact version for a streamlined experience.
Key Metrics Displayed :
Primary Signal : The overall market status, such as “Bullish Strong” or “Bearish Early.”
Composite Nexus Score : A numerical value representing the strength of the current market conditions.
Supporting Data : Essential values that help explain the current signal without overwhelming the trader.
Easy Interpretation :
The dashboard is designed with clarity in mind. Clear labeling and a consistent layout ensure that even traders new to composite indicators can quickly interpret the displayed information.
Visual Clarity and Aesthetic
Color-Coded Signals :
The indicator uses a vibrant color scheme to highlight market conditions:
Bright Green : Signifies a strong bullish trend.
Light Green : Indicates an emerging bullish trend.
Red : Represents a strong bearish trend.
Light Red/Pink : Denotes an early bearish signal.
Gray : Used when market conditions are neutral or choppy.
Graphical Enhancements :
The plotted oscillator visually reinforces the signal classifications with dynamic color transitions. Horizontal markers provide reference points to help traders easily compare the current readings against standard levels.
Customization Options
Adjustable Settings :
Traders can personalize the indicator by modifying input settings such as sensitivity thresholds and period lengths. This flexibility allows the tool to adapt to different market environments and trading styles.
Dashboard Flexibility :
The option to toggle between a full dashboard and a shorter version means that both novice and experienced traders can configure the display to best suit their needs. A more detailed dashboard offers extensive insights, while the compact mode provides a minimalist view for those who prefer simplicity.
Tailored User Experience :
With multiple adjustable parameters, users can fine-tune the indicator to respond precisely to their preferred timeframes and market conditions. This adaptability makes TriTrend Nexus a versatile tool for various trading strategies.
Benefits for Traders
Quick and Informed Decision-Making :
With a single glance at the dashboard and visual cues from the oscillator, traders can quickly gauge whether the market is poised for a strong move, is in the early stages of a trend, or is too volatile for clear signals. This helps in planning timely entries and exits.
Enhanced Market Insight :
By integrating multiple perspectives into one coherent score, the indicator filters out market noise and highlights the prevailing trend more reliably. This can be particularly useful during periods of market uncertainty.
Reduced Analysis Time:
The combination of clear, color-coded signals and an intuitive dashboard reduces the time spent analyzing various individual indicators, allowing traders to focus more on strategy execution.
Customization for Diverse Strategies :
The ability to adjust various input parameters and the dashboard layout ensures that traders can tailor the tool to fit their unique analysis style and market conditions, making it a versatile addition to any trading toolkit.
User-Friendly Interface :
Even for those who are not technically inclined, the clear visual design and straightforward signal descriptions make it easy to understand the current market situation without needing to interpret complex data.
Relative Directional Index (RDI)🔍 Overview
The Relative Directional Index (RDI) is a hybrid tool that fuses the Average Directional and the Relative Strength Indices (ADX and RSI) into a single, highly visual interface. While the former captures trend strength, the latter reveals momentum shifts and potential exhaustion. Together, they can confirm trend structure, anticipate reversals, and sharpen the timing entries and exits.
📌 Why Combine ADX with RSI?
Most indicators focus on either trend-following (like ADX) or momentum detection (like RSI)—but rarely both. Each comes with trade-offs:
- ADX alone confirms trend strength but ignores momentum.
- RSI alone signals overbought/oversold, but lacks trend context.
The RDI resolves this by integrating both, offering:
- Smarter filters for trend entries
- Early warnings of momentum breakdowns
- More confident signal validation
🧠 Design Note: Fibonacci Harmony
All default values—5, 13, 21—are Fibonacci numbers. This is intentional, as these values reflect the natural rhythm of market cycles, and promote harmonic calibration between price action and indicator logic.
🔥 Key Features
✅ ADX Histogram
- Green bars = trend gaining strength
- Red bars = trend weakening
- Adjustable transparency for visual tuning
✅ ADX Line (Orange)
- Measures trend strength over time
- Rising = accelerating trend
- Falling = trend may be fading
✅ RSI Line (Lemon Yellow)
- Captures momentum surges and slowdowns
- Above 50 = bullish control
- Below 50 = bearish pressure
✅ Trend Strength Squares
- Bright green = strong uptrend
- Bright red = strong downtrend
- Faded colors = range-bound or indecisive
✅ ADX/RSI Crossover Markers
- Yellow square = RSI crosses above ADX → momentum building
- Orange square = ADX crosses above RSI → trend still dominant
✅ Customizable Reference Lines
- Yellow (50) = strong trend threshold
- Red (30) = weak trend zone
- Green (70) = overextended, potential exhaustion
_______________________________________________________
🎯 How to Trade with the RDI
The RDI helps traders identify momentum-supported trends, catch early reversals, and avoid false signals during consolidation.
✅ Trend Confirmation Entries
🔼 Bullish → Enter long on pullbacks or resistance breakouts
- ADX rising above 30
- RSI above 50
- Green trend square visible
🔽 Bearish → Enter short on breakdowns or failed retests
- ADX rising
- RSI below 50
- Red trend square visible
🧯 Exit if RSI crosses back against trend direction or ADX flattens
🚨 Reversal Setups Using Divergence
📈 Bullish Divergence → Long entry after confirmation (e.g. engulfing bar, volume spike)
- Price prints lower low
- RSI prints higher low
- Green triangle
📉 Bearish Divergence → Short entry on breakdown
- Price prints higher high
- RSI prints lower high
- Red triangle
Tip: Stronger if ADX is declining (fading trend strength)
🔂 Breakout Detection via Cross Markers
- Yellow square = RSI > ADX → breakout brewing
- Orange square = ADX > RSI → trend continuation likely
⏸️ Avoid Choppy Markets
- RSI between 45–55
- Faded trend squares
- Flat ADX below 20–30
🧠 Pro Tips
- Combine RDI with VWAPs, moving averages and/or pitchforks
- Watch for alignment between trend and momentum
- Use divergence markers as confirmation, not stand-alone triggers
_______________________________________________________
⚠️ Hidden Divergence (Optional)
The RDI includes optional hidden divergence detection. These signals suggest trend continuation but are off by default. Use with discretion—best in established trends, not sideways markets.
🙈 Hidden Bullish
- Price prints higher low
- RSI prints lower low
🙈 Hidden Bearish
- Price prints lower high
- RSI prints higher high
Adv EMA Cloud v6 (ADX, Alerts)Summary:
This indicator provides a multi-faceted view of market trends using Exponential Moving Averages (EMAs) arranged in visually intuitive clouds, enhanced with an optional ADX-based range filter and configurable alerts for key market conditions. It aims to help traders quickly gauge trend alignment across short, medium, and long timeframes while filtering signals during potentially choppy market conditions.
Key Features:
Multiple EMAs: Displays 10-period (Fast), 20-period (Mid), and 50-period (Slow) EMAs.
Long-Term Trend Filter: Includes a 200-period EMA to provide context for the overall dominant trend direction.
Dual EMA Clouds:
Fast/Mid Cloud (10/20 EMA): Fills the area between the 10 and 20 EMAs. Defaults to Green when 10 > 20 (bullish short-term momentum) and Red when 10 < 20 (bearish short-term momentum).
Mid/Slow Cloud (20/50 EMA): Fills the area between the 20 and 50 EMAs. Defaults to Aqua when 20 > 50 (bullish mid-term trend) and Fuchsia when 20 < 50 (bearish mid-term trend).
Optional ADX Range Filter: Uses the Average Directional Index (ADX) to identify potentially non-trending or choppy markets. When enabled and ADX falls below a user-defined threshold, the EMA clouds will turn grey, visually warning that trend-following signals may be less reliable.
Configurable Alerts: Provides several built-in alert conditions using Pine Script's alertcondition function:
Confluence Condition: Triggers when a 10/20 EMA crossover occurs while both EMA clouds show alignment (both bullish/green/aqua or both bearish/red/fuchsia) and price respects the 200 EMA filter and the ADX filter indicates a trend (if filters are enabled).
MA Filter Cross: Triggers when price crosses above or below the 200 EMA filter line.
Full Alignment Start: Triggers on the first bar where full bullish or bearish alignment occurs (both clouds aligned + MA filter respected + ADX trending, if filters are enabled).
How It Works:
EMA Calculation: Standard Exponential Moving Averages are calculated for the 10, 20, 50, and 200 periods based on the closing price.
Cloud Creation: The fill() function visually shades the area between the 10 & 20 EMAs and the 20 & 50 EMAs.
Cloud Coloring: The color of each cloud is determined by the relationship between the two EMAs that define it (e.g., if EMA 10 is above EMA 20, the first cloud is bullish-colored).
ADX Filter Logic: The script calculates the ADX value. If the "Use ADX Trend Filter?" input is checked and the calculated ADX is below the specified "ADX Trend Threshold", the script considers the market potentially ranging.
ADX Visual Effect: During detected ranging periods (if the ADX filter is active), the plotCloud12Color and plotCloud23Color variables are assigned a neutral grey color instead of their normal bullish/bearish colors before being passed to the fill() function.
Alert Logic: Boolean variables track the specific conditions (crossovers, cloud alignment, filter positions, ADX state). The alertcondition() function creates triggerable alerts based on these pre-defined conditions.
Potential Interpretation (Not Financial Advice):
Trend Alignment: When both clouds share the same directional color (e.g., both bullish - Green & Aqua) and price is on the corresponding side of the 200 EMA filter, it may suggest a stronger, more aligned trend. Conversely, conflicting cloud colors may indicate indecision or transition.
Dynamic Support/Resistance: The EMA lines themselves (especially the 20, 50, and 200) can sometimes act as dynamic levels where price might react.
Range Warning: Greyed-out clouds (when ADX filter is enabled) serve as a visual warning that trend-based strategies might face increased difficulty or whipsaws.
Confluence Alerts: The specific confluence alerts signal moments where multiple conditions align (crossover + cloud agreement + filters), which some traders might view as higher-probability setups.
Customization:
All EMA lengths (10, 20, 50, 200) are adjustable via the Inputs menu.
The ADX length and threshold are configurable.
The MA Trend Filter and ADX Trend Filter can be independently enabled or disabled.
Disclaimer:
This indicator is provided for informational and educational purposes only. Trading financial markets involves significant risk. Past performance is not indicative of future results. Always conduct your own thorough analysis and consider your risk tolerance before making any trading decisions. This indicator should be used in conjunction with other analysis methods and tools. Do not trade based solely on the signals or visuals provided by this indicator.
ADX BoxDescription:
The ADX Box indicator provides traders with a quick and intuitive way to monitor the current trend strength based on the Average Directional Index (ADX), calculated with a customisable period (default: 7 periods).
This compact indicator neatly displays the current ADX value rounded to one decimal place, along with a clear directional arrow:
Green upward triangle (▲): Indicates that ADX is rising above its moving average, signaling increasing trend strength.
Red downward triangle (▼): Indicates that ADX is declining below its moving average, signaling weakening trend strength.
Key Features:
Small and clean visual representation.
Dynamically updates in real-time directly on the chart.
Ideal for quick trend strength assessment without cluttering your workspace.
Recommended Usage:
Quickly identifying whether market trends are strengthening or weakening.
Enhancing decision-making for trend-following or breakout trading strategies.
Complementing other indicators such as ATR boxes for volatility measurement.
Feel free to use, share, and incorporate this indicator into your trading setups for clearer insights and more confident trading decisions!
Market Condition Detector By BCB ElevateMarket Condition Detector - Bullish, Bearish & Sideways Market Indicator
This indicator helps traders identify bullish, bearish, and sideways market conditions using the Average Directional Index (ADX). It calculates trend strength and direction to categorize the market into three phases:
✅ Bullish Market: ADX is above the threshold, and the positive directional index (+DI) is greater than the negative directional index (-DI).
❌ Bearish Market: ADX is above the threshold, and +DI is lower than -DI.
🔄 Sideways Market: ADX is below the threshold, indicating weak trend strength and potential consolidation.
Features:
🔹 Dynamic Market Classification - Automatically detects and updates market conditions.
🔹 Table Display - Clearly shows whether the market is bullish, bearish, or sideways in a user-friendly format.
🔹 Customizable Settings - Adjust ADX period and threshold to suit different trading strategies.
🔹 Works on All Markets - Use for Crypto, Forex, Stocks, Commodities, and Indices.
This tool is ideal for trend traders, swing traders, and breakout traders looking to optimize entries and exits.
📌 How to Use:
1️⃣ Apply it to any chart and timeframe.
2️⃣ Use the table to confirm market conditions before taking trades.
3️⃣ Combine with other indicators like moving averages, RSI, or volume analysis for better trade decisions.
Fortuna Trend Predictor**Fortuna Trend Predictor**
### Overview
**Fortuna Trend Predictor** is a powerful trend analysis tool that combines multiple technical indicators to estimate trend strength, volatility, and probability of price movement direction. This indicator is designed to help traders identify potential trend shifts and confirm trade setups with improved accuracy.
### Key Features
- **Trend Strength Analysis**: Uses the difference between short-term and long-term Exponential Moving Averages (EMA) normalized by the Average True Range (ATR) to determine trend strength.
- **Directional Strength via ADX**: Calculates the Average Directional Index (ADX) manually to measure the strength of the trend, regardless of its direction.
- **Probability Estimation**: Provides a probabilistic assessment of price movement direction based on trend strength.
- **Volume Confirmation**: Incorporates a volume filter that validates signals when the trading volume is above its moving average.
- **Volatility Filter**: Uses ATR to identify high-volatility conditions, helping traders avoid false signals during low-volatility periods.
- **Overbought & Oversold Levels**: Includes RSI-based horizontal reference lines to highlight potential reversal zones.
### Indicator Components
1. **ATR (Average True Range)**: Measures market volatility and serves as a denominator to normalize EMA differences.
2. **EMA (Exponential Moving Averages)**:
- **Short EMA (20-period)** - Captures short-term price movements.
- **Long EMA (50-period)** - Identifies the overall trend.
3. **Trend Strength Calculation**:
- Formula: `(Short EMA - Long EMA) / ATR`
- The higher the value, the stronger the trend.
4. **ADX Calculation**:
- Computes +DI and -DI manually to generate ADX values.
- Higher ADX indicates a stronger trend.
5. **Volume Filter**:
- Compares current volume to a 20-period moving average.
- Signals are more reliable when volume exceeds its average.
6. **Volatility Filter**:
- Detects whether ATR is above its own moving average, multiplied by a user-defined threshold.
7. **Probability Plot**:
- Formula: `50 + 50 * (Trend Strength / (1 + abs(Trend Strength)))`
- Values range from 0 to 100, indicating potential movement direction.
### How to Use
- When **Probability Line is above 70**, the trend is strong and likely to continue.
- When **Probability Line is below 30**, the trend is weak or possibly reversing.
- A rising **ADX** confirms strong trends, while a falling ADX suggests consolidation.
- Combine with price action and other confirmation tools for best results.
### Notes
- This indicator does not generate buy/sell signals but serves as a decision-support tool.
- Works best on higher timeframes (H1 and above) to filter out noise.
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### Example Chart
*The chart below demonstrates how Fortuna Trend Predictor can help identify strong trends and avoid false breakouts by confirming signals with volume and volatility filters.*
Strategy SuperTrend SDI WebhookThis Pine Script™ strategy is designed for automated trading in TradingView. It combines the SuperTrend indicator and Smoothed Directional Indicator (SDI) to generate buy and sell signals, with additional risk management features like stop loss, take profit, and trailing stop. The script also includes settings for leverage trading, equity-based position sizing, and webhook integration.
Key Features
1. Date-based Trade Execution
The strategy is active only between the start and end dates set by the user.
times ensures that trades occur only within this predefined time range.
2. Position Sizing and Leverage
Uses leverage trading to adjust position size dynamically based on initial equity.
The user can set leverage (leverage) and percentage of equity (usdprcnt).
The position size is calculated dynamically (initial_capital) based on account performance.
3. Take Profit, Stop Loss, and Trailing Stop
Take Profit (tp): Defines the target profit percentage.
Stop Loss (sl): Defines the maximum allowable loss per trade.
Trailing Stop (tr): Adjusts dynamically based on trade performance to lock in profits.
4. SuperTrend Indicator
SuperTrend (ta.supertrend) is used to determine the market trend.
If the price is above the SuperTrend line, it indicates an uptrend (bullish).
If the price is below the SuperTrend line, it signals a downtrend (bearish).
Plots visual indicators (green/red lines and circles) to show trend changes.
5. Smoothed Directional Indicator (SDI)
SDI helps to identify trend strength and momentum.
It calculates +DI (bullish strength) and -DI (bearish strength).
If +DI is higher than -DI, the market is considered bullish.
If -DI is higher than +DI, the market is considered bearish.
The background color changes based on the SDI signal.
6. Buy & Sell Conditions
Long Entry (Buy) Conditions:
SDI confirms an uptrend (+DI > -DI).
SuperTrend confirms an uptrend (price crosses above the SuperTrend line).
Short Entry (Sell) Conditions:
SDI confirms a downtrend (+DI < -DI).
SuperTrend confirms a downtrend (price crosses below the SuperTrend line).
Optionally, trades can be filtered using crossovers (occrs option).
7. Trade Execution and Exits
Market entries:
Long (strategy.entry("Long")) when conditions match.
Short (strategy.entry("Short")) when bearish conditions are met.
Trade exits:
Uses predefined take profit, stop loss, and trailing stop levels.
Positions are closed if the strategy is out of the valid time range.
Usage
Automated Trading Strategy:
Can be integrated with webhooks for automated execution on supported trading platforms.
Trend-Following Strategy:
Uses SuperTrend & SDI to identify trend direction and strength.
Risk-Managed Leverage Trading:
Supports position sizing, stop losses, and trailing stops.
Backtesting & Optimization:
Can be used for historical performance analysis before deploying live.
Conclusion
This strategy is suitable for traders who want to automate their trading using SuperTrend and SDI indicators. It incorporates risk management tools like stop loss, take profit, and trailing stop, making it adaptable for leverage trading. Traders can customize settings, conduct backtests, and integrate it with webhooks for real-time trade execution. 🚀
Important Note:
This script is provided for educational and template purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
ADX for BTC [PineIndicators]The ADX Strategy for BTC is a trend-following system that uses the Average Directional Index (ADX) to determine market strength and momentum shifts. Designed for Bitcoin trading, this strategy applies a customizable ADX threshold to confirm trend signals and optionally filters entries using a Simple Moving Average (SMA). The system features automated entry and exit conditions, dynamic trade visualization, and built-in trade tracking for historical performance analysis.
⚙️ Core Strategy Components
1️⃣ Average Directional Index (ADX) Calculation
The ADX indicator measures trend strength without indicating direction. It is derived from the Positive Directional Movement (+DI) and Negative Directional Movement (-DI):
+DI (Positive Directional Index): Measures upward price movement.
-DI (Negative Directional Index): Measures downward price movement.
ADX Value: Higher values indicate stronger trends, regardless of direction.
This strategy uses a default ADX length of 14 to smooth out short-term fluctuations while detecting sustainable trends.
2️⃣ SMA Filter (Optional Trend Confirmation)
The strategy includes a 200-period SMA filter to validate trend direction before entering trades. If enabled:
✅ Long Entry is only allowed when price is above a long-term SMA multiplier (5x the standard SMA length).
✅ If disabled, the strategy only considers the ADX crossover threshold for trade entries.
This filter helps reduce entries in sideways or weak-trend conditions, improving signal reliability.
📌 Trade Logic & Conditions
🔹 Long Entry Conditions
A buy signal is triggered when:
✅ ADX crosses above the threshold (default = 14), indicating a strengthening trend.
✅ (If SMA filter is enabled) Price is above the long-term SMA multiplier.
🔻 Exit Conditions
A position is closed when:
✅ ADX crosses below the stop threshold (default = 45), signaling trend weakening.
By adjusting the entry and exit ADX levels, traders can fine-tune sensitivity to trend changes.
📏 Trade Visualization & Tracking
Trade Markers
"Buy" label (▲) appears when a long position is opened.
"Close" label (▼) appears when a position is exited.
Trade History Boxes
Green if a trade is profitable.
Red if a trade closes at a loss.
Trend Tracking Lines
Horizontal lines mark entry and exit prices.
A filled trade box visually represents trade duration and profitability.
These elements provide clear visual insights into trade execution and performance.
⚡ How to Use This Strategy
1️⃣ Apply the script to a BTC chart in TradingView.
2️⃣ Adjust ADX entry/exit levels based on trend sensitivity.
3️⃣ Enable or disable the SMA filter for trend confirmation.
4️⃣ Backtest performance to analyze historical trade execution.
5️⃣ Monitor trade markers and history boxes for real-time trend insights.
This strategy is designed for trend traders looking to capture high-momentum market conditions while filtering out weak trends.
ADX with Moving AverageADX with Moving Average is a powerful indicator that enhances trend analysis by combining the standard Average Directional Index (ADX) with a configurable moving average.
The ADX helps traders identify the strength of a trend. In general:
ADX 0-20 – Absent or Weak Trend
ADX 25-50 – Strong Trend
ADX 50-75 – Very Strong Trend
ADX 75-100 – Extremely Strong Trend
By adding a moving average we can judge if the ADX itself is trending upwards or downwards, i.e. if a new trend is emerging or an existing one is weakening.
This combination allows traders to better confirm strong trends and filter out weak or choppy market conditions.
Key Features & Customization:
✔ Configurable DI & ADX Lengths – Adjust how quickly the ADX reacts to price movements (default: 14, 14).
✔ Multiple Moving Average Options – Choose between SMA, EMA, WMA, VWMA, or T3 for trend confirmation.
✔ Custom MA Length – Fine-tune the sensitivity of the moving average to match your strategy.
🔹 Use this indicator to confirm strong trends before entering trades, filter out false signals, or refine existing strategies with a dynamic trend-strength component. 🚀
Crypto Scanner v4This guide explains a version 6 Pine Script that scans a user-provided list of cryptocurrency tokens to identify high probability tradable opportunities using several technical indicators. The script combines trend, momentum, and volume-based analyses to generate potential buying or selling signals, and it displays the results in a neatly formatted table with alerts for trading setups. Below is a detailed walkthrough of the script’s design, how traders can interpret its outputs, and recommendations for optimizing indicator inputs across different timeframes.
## Overview and Key Components
The script is designed to help traders assess multiple tokens by calculating several indicators for each one. The key components include:
- **Input Settings:**
- A comma-separated list of symbols to scan.
- Adjustable parameters for technical indicators such as ADX, RSI, MFI, and a custom Wave Trend indicator.
- Options to enable alerts and set update frequencies.
- **Indicator Calculations:**
- **ADX (Average Directional Index):** Measures trend strength. A value above the provided threshold indicates a strong trend, which is essential for validating momentum before entering a trade.
- **RSI (Relative Strength Index):** Helps determine overbought or oversold conditions. When the RSI is below the oversold level, it may present a buying opportunity, while an overbought condition (not explicitly part of this setup) could suggest selling.
- **MFI (Money Flow Index):** Similar in concept to RSI but incorporates volume, thus assessing buying and selling pressure. Values below the designated oversold threshold indicate potential undervaluation.
- **Wave Trend:** A custom indicator that calculates two components (WT1 and WT2); a crossover where WT1 moves from below to above WT2 (particularly near oversold levels) may signal a reversal and a potential entry point.
- **Scanning and Trading Zone:**
- The script identifies a *bullish setup* when the following conditions are met for a token:
- ADX exceeds the threshold (strong trend).
- Both RSI and MFI are below their oversold levels (indicating potential buying opportunities).
- A Wave Trend crossover confirms near-term reversal dynamics.
- A *trading zone* condition is also defined by specific ranges for ADX, RSI, MFI, and a limited difference between WT1 and WT2. This zone suggests that the token might be in a consolidation phase where even small moves may be significant.
- **Alerts and Table Reporting:**
- A table is generated, with each row corresponding to a token. The table contains columns for the symbol, ADX, RSI, MFI, WT1, WT2, and the trading zone status.
- Visual cues—such as different background colors—highlight tokens with a bullish setup or that are within the trading zone.
- Alerts are issued based on the detection of a bullish setup or entry into a trading zone. These alerts are limited per bar to avoid flooding the trader with notifications.
## How to Interpret the Indicator Outputs
Traders should use the indicator values as guidance, verifying them against their own analysis before making any trading decision. Here’s how to assess each output:
- **ADX:**
- **High values (above threshold):** Indicate strong trends. If other indicators confirm an oversold condition, a trader may consider a long position for a corrective reversal.
- **Low values:** Suggest that the market is not trending strongly, and caution should be taken when considering entry.
- **RSI and MFI:**
- **Below oversold levels:** These conditions are traditionally seen as signals that an asset is undervalued, potentially triggering a bounce.
- **Above typical resistance levels (not explicitly used here):** Would normally caution a trader against entering a long position.
- **Wave Trend (WT1 and WT2):**
- A crossover where WT1 moves upward above WT2 in an oversold environment can signal the beginning of a recovery or reversal, thereby reinforcing buy signals.
- **Trading Zone:**
- Being “in zone” means that the asset’s current values for ADX, RSI, MFI, and the closeness of the Wave Trend lines indicate a period of consolidation. This scenario might be suitable for both short-term scalping or as an early exit indicator, depending on further market analysis.
## Timeframe Optimization Input Table
Traders can optimize indicator inputs depending on the timeframe they use. The following table provides a set of recommended input values for various timeframes. These values are suggestions and should be adjusted based on market conditions and individual trading styles.
Timeframe ADX RSI MFI ADX RSI MFI WT Channel WT Average
5-min 10 10 10 20 30 20 7 15
15-min 12 12 12 22 30 20 9 18
1-hour 14 14 14 25 30 20 10 21
4-hour 16 16 16 27 30 20 12 24
1-day 18 18 18 30 30 20 14 28
Adjust these parameters directly in the script’s input settings to match the selected timeframe. For shorter timeframes (e.g., 5-min or 15-min), the shorter lengths help filter high-frequency noise. For longer timeframes (e.g., 1-day), longer input values may reduce false signals and capture more significant trends.
## Best Practices and Usage Tips
- **Token Limit:**
- Limit the number of tokens scanned to 10 per query line. If you need to scan more tokens, initiate a new query line. This helps manage screen real estate and ensures the table remains legible.
- **Confirming Signals:**
- Use this script as a starting point for identifying high potential trades. Each indicator’s output should be used to confirm your trading decision. Always cross-reference with additional technical analysis tools or market context.
- **Regular Review:**
- Since the script updates the table every few bars (as defined by the update frequency), review the table and alerts regularly. Market conditions change rapidly, so timely decisions are crucial.
## Conclusion
This Pine Script provides a comprehensive approach for scanning multiple cryptocurrencies using a combination of trend strength (ADX), momentum (RSI and MFI), and reversal signals (Wave Trend). By using the provided recommendation table for different timeframes and limiting the tokens to 20 per query line (with a maximum of four query lines), traders can streamline their scanning process and more effectively identify high probability tradable tokens. Ultimately, the outputs should be critically evaluated and combined with additional market research before executing any trades.
Advanced Supertrend Enhanced ADXEnhanced Supertrend ADX Indicator - Technical Documentation
Overview
The Enhanced Supertrend ADX indicator combines ADX directional strength with Supertrend trend-following capabilities, creating a comprehensive trend detection system. It's enhanced with normalization techniques and multiple filters to provide reliable trading signals.
Key Features and Components
The indicator incorporates three main components:
Core ADX and Supertrend Fusion
Uses a shorter ADX period for increased sensitivity
Integrates Supertrend signals for trend confirmation
Applies a long-term moving average for trend context
Advanced Filtering System
Volatility filter: Identifies periods of significant market movement
Momentum filter: Confirms the strength and sustainability of trends
Lateral market detection: Identifies ranging market conditions
Data Normalization
Standardizes indicator readings across different instruments
Makes signals comparable across various market conditions
Reduces extreme values and false signals
Model Assumptions
The indicator operates under several key assumptions:
Market Behavior
Markets alternate between trending and lateral phases
Strong trends correlate with increased volatility
Price momentum confirms trend strength
Market transitions follow identifiable patterns
Signal Reliability
Low ADX values indicate lateral markets
Valid signals require both volatility and momentum confirmation
Multi-filter confirmation increases signal reliability
Price normalization enhances signal quality
Trading Applications
The indicator supports different trading approaches:
Trend Trading
Strong signals when all filters align
Clear distinction between bullish and bearish trends
Momentum confirmation for trend continuation
Range Trading
Clear identification of lateral markets
Band-based trading boundaries
Reduced false breakout signals
Transition Trading
Early identification of trend-to-range transitions
Clear signals for range-to-trend transitions
Momentum-based confirmation of breakouts
Risk Considerations
Important factors to consider:
Signal Limitations
Potential delay in fast-moving markets
False signals during extreme volatility
Time frame dependency
Best Practices
Use in conjunction with other indicators
Apply proper position sizing
Focus on liquid instruments
Consider market context
Performance Characteristics
The indicator shows optimal performance under specific conditions:
Ideal Conditions
Daily timeframe analysis
Clear trending market phases
Liquid market environments
Normal volatility conditions
Challenging Conditions
Choppy market conditions
Extremely low volatility
Highly volatile markets
Illiquid instruments
Implementation Recommendations
For optimal use, consider:
Market Selection
Best suited for major markets
Requires adequate liquidity
Works well with trending instruments
Timeframe Selection
Primary: Daily charts
Secondary: 4-hour charts
Caution on lower timeframes
Risk Management
Use appropriate position sizing
Set clear stop-loss levels
Consider market volatility
Monitor overall exposure
This indicator serves as a comprehensive tool for market analysis, combining traditional technical analysis with modern filtering techniques. Its effectiveness depends on proper implementation and understanding of market conditions.
Trend Strength & Direction📌 Assumptions of the "Trend Strength & Direction" Model
This model is designed to measure both trend strength and trend direction, using a modified version of the ADX (Average Directional Index) while also identifying ranging markets. Below is a detailed breakdown of all key assumptions.
1️⃣ Using ADX as the Basis for Trend Strength
Why ADX?
The ADX (Average Directional Index) is one of the most commonly used indicators for measuring trend strength, regardless of direction.
How is it calculated?
ATR (Average True Range) is used to normalize volatility.
Directional movement (+DM and -DM) is smoothed with an Exponential Moving Average (EMA) to obtain the +DI (Positive Directional Indicator) and -DI (Negative Directional Indicator).
Trend strength is derived by normalizing the absolute difference between +DI and -DI, divided by the sum of both.
🔹 Assumption: A high ADX means the trend is strong (whether bullish or bearish).
2️⃣ 50-Period Moving Average for Trend Strength
Why add a moving average?
ADX can be very volatile in the short term.
A 50-period SMA (Simple Moving Average) is used to smooth out trend strength and identify sustained trends.
🔹 Assumption: The SMA reduces false signals caused by short-term ADX spikes.
3️⃣ Identifying a Ranging Market (ADX Below 35)
How is a ranging market defined?
If the trend strength (ADX) is below 35, the market is considered "ranging".
The 35-level threshold is chosen empirically since ADX values below this level often indicate a lack of strong price direction.
When the market is ranging, the background color turns yellow.
🔹 Assumption: ADX < 35 indicates a sideways market, so the indicator colors the background yellow.
4️⃣ Determining Trend Direction Using +DI and -DI
How is direction determined?
If +DI > -DI, the trend is bullish (green).
If -DI > +DI, the trend is bearish (red).
If ADX is below 35, the market is ranging and turns yellow.
🔹 Assumption: Trend direction is determined by the relationship between +DI and -DI, not ADX values.
5️⃣ Background Color to Highlight Market Conditions
Yellow background if ADX < 35 → Ranging market.
Green background if ADX ≥ 35 and bullish.
Red background if ADX ≥ 35 and bearish.
🔹 Assumption: The background color visually differentiates trending vs. ranging phases.
6️⃣ Reference Levels for ADX
Lateral Threshold (35) → Below this, the trend is weak or ranging.
Neutral Threshold (50) → Intermediate level indicating moderate trend strength.
Strong Trend Threshold (75) → Above this, the trend is very strong and possibly overextended.
🔹 Assumption: ADX above 75 indicates a very strong trend, potentially near exhaustion.
🔹 Summary of Key Assumptions
1️⃣ ADX is the core strength metric → Strong trends when ADX > 35, weak below 35.
2️⃣ The 50-period SMA smooths out volatility → Prevents false signals.
3️⃣ Ranging markets are defined as ADX < 35 → Yellow background color.
4️⃣ Trend direction is based on +DI vs. -DI → Green = bullish, Red = bearish.
5️⃣ Background colors enhance readability → Helps distinguish different market phases.
6️⃣ ADX reference levels (35, 50, 75) indicate increasing trend strength.
Conclusion
This model combines ADX with a moving average and color-based logic to highlight trend strength, trend direction, and sideways markets. It helps traders quickly identify the best conditions for entering or exiting trades. 🚀
Strength Measurement -HTStrength Measurement -HT
This indicator provides a comprehensive view of trend strength by calculating the average ADX (Average Directional Index) across multiple timeframes. It helps traders identify strong trends, potential reversals, and confirm signals from other indicators.
Key Features:
Multi-Timeframe Analysis: Analyze trend strength across different timeframes. Choose which timeframes to include in the calculation (5 min, 15 min, 30 min, 1 hour, 4 hour).
Customizable ADX Parameters: Adjust the ADX smoothing (adxlen) and DI length (dilen) parameters to fine-tune the indicator to your preferred settings.
Smoothed Average ADX: The average ADX is smoothed using a Simple Moving Average to reduce noise and provide a clearer picture of the overall trend.
Color-Coded Visualization: The histogram clearly indicates trend direction and strength:
Green: Uptrend
Red: Downtrend
Darker shades: Stronger trend
Lighter shades: Weaker trend
Reference Levels: Includes horizontal lines at 25, 50, and 75 to provide benchmarks for trend strength classification.
Alerts: Set alerts for strong trend up (ADX crossing above 50) and weakening trend (ADX crossing below 25).
How to Use:
Select Timeframes: Choose the timeframes you want to include in the average ADX calculation.
Adjust ADX Parameters: Fine-tune the adxlen and dilen values based on your trading style and the timeframe of the chart.
Identify Strong Trends: Look for histogram bars with darker green or red colors, indicating a strong trend.
Spot Potential Reversals: Watch for changes in histogram color and height, which may suggest a weakening trend or a potential reversal.
Combine with Other Indicators: Use this indicator with other technical analysis tools to confirm trading signals.
Note: This indicator is based on the ADX, which is a lagging indicator.
