Sri - ADX Custom Time Frame

Title: Sri - ADX Custom Time Frame
Short Title: Sri-ADX
Overlay: No

Description:
The Sri - ADX Custom TF indicator allows traders to visualize the Average Directional Index (ADX) along with DI+ and DI- lines on a custom timeframe of their choice. This tool is ideal for trend strength analysis and directional movement assessment across multiple timeframes.

Key Features:

Custom Timeframe: Select any timeframe (e.g., 1, 3, 5, 15, 30, 60 minutes, 4H, Daily, Weekly, Monthly) for ADX calculation.

ADX & DI Calculation: Provides standard ADX with optional extra smoothing for DI and ADX for improved signal clarity.

Sensitivity Control: Adjustable ADX Sensitivity to fine-tune responsiveness to market movements.

Dynamic Threshold: Base threshold line dynamically scales with ADX sensitivity for better trend visualization.

Color Customization: Toggle DI+ and DI- colors with adjustable transparency (color reduction) to match your chart style.

Trend Insight: DI+ above DI- indicates bullish dominance; DI- above DI+ indicates bearish dominance.

Inputs Overview:

Custom Timeframe (tf) – Choose the timeframe to analyze.

ADX Length (len) – Period for ADX calculation.

Base Threshold (th) – Reference level for trend strength.

ADX Sensitivity (adxSensitivity) – Multiplier for ADX responsiveness.

Extra Smoothing (smoothDI, smoothADX) – Optional smoothing for DI and ADX to reduce noise.

Color Settings (enableColor, colorReduction, diPlusSel, diMinusSel) – Customize colors and transparency of DI+ and DI- plots.

Usage:

Identify trend strength and direction in your chosen timeframe.

Use DI+ and DI- crossover as potential signals for trend changes.

Combine with other technical tools for multi-timeframe trend analysis and trade confirmation.