ADX W. Wilders(DI+, DI-, DX, ADXR, Equilibrium Point)The reason for publishing the script was the lack of display of important components in the standard ADX indicator, such as DI+, DI-, DX , ADXR, and the absence of a choice of methods for calculating moving averages in the indicator.
According to the book by the author of the ADX indicator, W. Wilder, the indicator components were calculated using the SMA formula, however, the RMA moving average is used in the code of the built-in indicator in TradingView, which shows excellent results, but this is not a classic calculation method. In addition to SMA and RMA, there are also EMA , HMA , WMA , VWMA moving averages to choose from. Added the ability to display lines ADX , ADXR , DX , DI+, DI- and Equilibrium points (when DI+ and DI- are equal or intersect).
ADX Trading Rules
1. Trade the intersections of DI+ and DI-
2. Extreme Point Rule(EPR). EPR is formed when DI+, DI- (Equilibrium point) crosses, forming a trend reversal point at the extremum of the current bar. In the example on the ADX RMA chart, the DI- line is above DI+. Being in a short position at the reverse intersection of the DI- and DI + lines, it is necessary to take the high price of the crossing bar for the reversal point, upon breakdown of which, turn to long. In this example, the breakdown did not take place and the short position remained active, despite the intersection of the DI+ lines over DI-. This rule is an excellent filter that removes unnecessary transactions in the trading system.
3. DI+ > ADX and DI- > ADX. Stop trading trend-following systems.
4. If ADXR > 25, the trading system will be profitable. With ADXR < 20, trend-following systems need to stop trading. Many mistakenly use ADX values instead of ADXR . The author explicitly pointed to ADXR in his book.
5. Equilibrium Point - balance points. The accumulation of these points on the chart means the presence of a flat in the market. Accumulation often appears on a declining ADX after a top has been established on the ADX indicator. The smaller the distance between the points, the less significant movements occurred in the market.
6. For intraday trading of cryptocurrencies use can the following ADX settings:
DI Length = 100
ADX Smoothing = 14
MA Type = VWMA
Flat Zone = 30
P.S. Fragment from an interview with W. Wilder:
OH: You are probably best known for inventing the Relative Strength Index ( RSI ), Average Directional Index ( ADX ) and Average True Range (ATR). Which of these is the most powerful tool for a trader?
WW: The ADX .
OH: Is it the indicator you are most proud of?
WW: I guess so.
In den Scripts nach "adx" suchen
ADX Momentum cross + MacD + HH LL + Buy/Sell Signals and alerts Hello, This is the first indicator I have made and would like to contribute to the community.
This strategy came from trying to replicate a previous ADX Cross Indicator that I loved on MT4 which I used successfully on EUR/USD on high and low time frames. Through the process of trying to replicate it I failed, I decided to take what I had written so far and create my own ADX cross strategy using the combination of 3 ADX's, their lag. Then also using Higher highs and lower lows with the MacD to further filter the signals.
There are two buy and two sell conditions , the difference between these are just the order in which the ADX crossing determines the entry. The MacD and higher highs and lower lows are the same for filtering the signal.
You can change the look back for HH and LL look back range, along with the DI Length & ADX Smoothing for all ADX's. The lag used for either the buy or sell strategy with the Lag_Buy/Lag_Sell inputs. Lag_mid setting will affect all 4 conditions.
From testing and based on the ADX cross logic you should follow this structure when changing the inputs for:
DI Length: Lowest DI value (I.E. 1)
DI Lengtha: Middle DI value (I.E. 2)
DI Lengthb: Highest DI value (I.E. 3)
ADX Smoothing: Lowest Smoothing value (I.E. 1)
ADX Smoothinga: Middle Smoothing value (I.E. 2)
ADX Smoothingb: Highest Smoothing value (I.E. 3)
I tested this on the EUR/USD, but mainly I have been using it on BTC/USDT(binance) and BTC/USDT Perpetual futures(binance) with the 5 minute chart. I suggest playing around with the settings depending on the Symbol and timeframe you use because the default settings are what I last found to be optimal for my self on the 5min BTC/USDT Perpetual futures(binance) chart.
A good starting point I found when using the indicator on other charts is to use the below values:
DI Length: 7
DI Lengtha: 14
DI Lengthb: 21
ADX Smoothing: 7
ADX Smoothinga: 14
ADX Smoothingb: 21
If you have any questions, suggestions, or requests for this indicator feel free contact me. You can either comment on here or Message me
If you like this indicator please like and comment where you found it useful.
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.
ADX with SignalsThis indicator basicly usind ADX ( Average Directional Index )
ADX can show us how trend is strong
ADX below 20: the market is currently not trending
ADX crosses above 20: signifies that a new trend is emerging. Traders may start placing sell or buy orders in the direction of the price movement.
ADX between 20 and 40: When the ADX is growing between 20 and 40 it is considered as a confirmation of an emerging trend. Traders should use this opportunity to buy or short sell in the trend's direction.
ADX above 40: the trend is very strong.
ADX crosses 50: the trend is extremely strong.
ADX crosses 70: a very rare occasion, which is called a “Power Trend.”
If we use ADX with DI+ and DI+ indactor can tell us to buy.
How can we calculate this all?
Directional Movement (DI) is defined as the largest part of the current period’s price range that lies outside the previous period’s price range. For each period calculate:
+DI = positive or plus DI = High - Previous High
-DI = negative or minus DI = Previous Low - Low
The smaller of the two values is reset to zero, i.e., if +DI > -DI , then -DI = 0. On an inside bar (a lower high and higher low), both +DI and -DI are negative values, so both get reset to zero as there was no directional movement for that period.
The True Range ( TR ) is calculated for each period, where:
TR = Max of ( High - Low ), ( High -PreviousClose ), ( PreviousClose - Low )
The +DI , -DI and TR are each accumulated and smoothed using a custom smoothing method proposed by Wilder. For an n period smoothing, 1/n of each period’s value is added to the total each period, similar to an exponential smoothing:
+DIt = (+DIt-1 - (+DIt-1 / n)) + (+DIt)
-DIt = (-DIt-1 - (-DIt-1 / n)) + (-DIt)
TRt = (TRt-1 - (TRt-1 / n)) + ( TRt )
Compute the positive/negative Directional Indexes, +DI and -DI , as a percentage of the True Range:
+DI = ( +DI / TR ) * 100
-DI = ( -DI / TR ) * 100
Compute the Directional Difference as the absolute value of the differences: DIdiff = | (( +DI ) - ( -DI )) |
Sum the directional indicator values: DIsum = (( +DI ) + ( -DI )) .
Calculate the Directional Movement index: DX = ( DIdiff / DIsum ) * 100 . The DX is always between 0 and 100.
Finally, apply Wilder’s smoothing technique to produce the final ADX value:
ADXt = ( ( ADXt-1 * ( n - 1) ) + DXt ) / n
When indicator tell us to buy?
If when DI+ crosses DI- and ADX is bigger than DI- indicator tell us to buy.
Consolidation vs Trending
ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used. ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures.
ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two directional movement indicator (DMI) lines, from which ADX is derived.
When the +DMI is above the -DMI, prices are moving up, and ADX measures the strength of the uptrend. When the -DMI is above the +DMI, prices are moving down, and ADX measures the strength of the downtrend.
ADX values help traders identify the strongest and most profitable trends to trade. The values are also important for distinguishing between trending and non-trending conditions. Many traders will use ADX readings above 25 to suggest that the trend is strong enough for trend-trading strategies. Conversely, when ADX is below 25, many will avoid trend-trading strategies.
ADX Value Trend Strength
0-25 Absent or Weak Trend
25-50 Strong Trend
50-75 Very Strong Trend
75-100 Extremely Strong Trend
ADX mura visionOverview
The Enhanced ADX with Custom 40/60 Levels is a Pine Script™ v6 open-source indicator that builds on the classic Average Directional Index by adding two critical thresholds at 40 and 60. These extra levels give you early warning of trend exhaustion and precise exit signals when paired with the mura indicator.
Key Features & Originality
Custom Thresholds (40/60): Beyond the standard ADX levels (25/50), levels at 40 and 60 mark advanced trend strength phases and highlight when momentum is beginning to fade.
Trend Weakness Alerts: Configurable alerts trigger when ADX dips below 60 or 40, signaling ideal exit opportunities before a full reversal.
Color-Coded ADX Line: The ADX line dynamically changes color upon crossing 40 and 60, making trend strength transitions instantly visible.
mura Indicator Synergy: Specially designed to complement the mura indicator—when mura signals an exit and ADX falls below your chosen threshold, you get a high-confidence cue to close your position.
How It Works
Advanced Trend Phases: ADX above 25 confirms a trend, above 40 indicates strong momentum, and above 60 signals extreme strength. A drop below 60 or 40 warns of weakening momentum.
Exit Confirmation: Combine a mura exit signal (e.g., dot flip or reversal) with an ADX cross below 40/60 to capture optimal exit points.
Usage & Inputs
ADX Length (default 14): Period for ADX calculation.
Level Inputs: Customize your threshold levels (default: 25, 40, 50, 60).
Alert Toggles: Enable alerts on crosses above or below each level.
Style Settings: Adjust line colors and widths for ADX and threshold lines.
Why This Adds Value
Early Exit Signals: Identify momentum loss before major reversals, protecting profits.
Cleaner Trade Management: Visual cues reduce guesswork when exiting trades.
Modular Design: Use standalone or integrate with mura for robust entry/exit workflows.
Pine Script™ Version: v6
Open-Source License: MPL-2.0
ADX (levels)This Pine Script indicator calculates and displays the Average Directional Index (ADX) along with the DI+ and DI- lines to help identify the strength and direction of a trend. The script is designed for Pine Script v6 and includes customizable settings for a more tailored analysis.
Features:
ADX Calculation:
The ADX measures the strength of a trend without indicating its direction.
It uses a smoothing method for more reliable trend strength detection.
DI+ and DI- Lines (Optional):
The DI+ (Directional Index Plus) and DI- (Directional Index Minus) help determine the direction of the trend:
DI+ indicates upward movement.
DI- indicates downward movement.
These lines are disabled by default but can be enabled via input settings.
Customizable Threshold:
A horizontal line (hline) is plotted at a user-defined threshold level (default: 20) to highlight significant ADX values that indicate a strong trend.
Slope Analysis:
The slope of the ADX is analyzed to classify the trend into:
Strong Trend: Slope is higher than a defined "medium" threshold.
Moderate Trend: Slope falls between "weak" and "medium" thresholds.
Weak Trend: Slope is positive but below the "weak" threshold.
A background color changes dynamically to reflect the strength of the trend:
Green (light or dark) indicates trend strength levels.
Custom Colors:
ADX color is customizable (default: pink #e91e63).
Background colors for trend strength can also be adjusted.
Independent Plot Window:
The indicator is displayed in a separate window below the price chart, making it easier to analyze trend strength without cluttering the main price chart.
Parameters:
ADX Period: Defines the lookback period for calculating the ADX (default: 14).
Threshold (hline): A horizontal line value to differentiate strong trends (default: 20).
Slope Thresholds: Adjustable thresholds for weak, moderate, and strong trend slopes.
Enable DI+ and DI-: Boolean options to display or hide the DI+ and DI- lines.
Colors: Customizable colors for ADX, background gradients, and other elements.
How to Use:
Identify Trend Strength:
Use the ADX value to determine the strength of a trend:
Below 20: Weak trend.
Above 20: Strong trend.
Analyze Trend Direction:
Enable DI+ and DI- to check whether the trend is upward (DI+ > DI-) or downward (DI- > DI+).
Dynamic Slope Detection:
Use the background color as a quick visual cue to assess trend strength changes.
This indicator is ideal for traders who want to measure trend strength and direction dynamically while maintaining a clean and organized chart layout.
ADX and DI Trend meter and status table IndicatorThis ADX (Average Directional Index) and DI (Directional Indicator) indicator helps identify:
Trend Direction & Strength:
LONG: +DI above -DI with ADX > 20
SHORT: -DI above +DI with ADX > 20
RANGE: ADX < 20 indicates choppy/sideways market
Trading Signals:
Bullish: +DI crosses above -DI (green triangle)
Bearish: -DI crosses below +DI (red triangle)
ADX Strength Levels:
Strong: ADX ≥ 50
Moderate: ADX 30-49
Weak: ADX 20-29
No Trend: ADX < 20
Best Uses:
Trend confirmation before entering trades
Identifying ranging vs trending markets
Exit signal when trend weakens
Works well on multiple timeframes
Most effective in combination with other indicators
The table displays current trend direction and ADX strength in real-time
ADX+ Oscillator📈 ADX+ Oscillator — Enhanced Trend Strength Indicator
🔹 Description:
A modified oscillator based on the ADX (Average Directional Index), providing both visual and digital interpretation of trend strength and direction. A powerful tool for filtering sideways markets and identifying strong impulses across any timeframe.
🔹 Features:
• ADX line to assess trend strength
• DI+ and DI− lines to determine trend direction
• Colored background zones:
• Gray: ranging market (ADX < 20)
• Orange: transition zone (20 ≤ ADX < 25)
• Green: strong trend (ADX ≥ 25)
• Digital value labels for ADX / DI+ / DI− on the latest candle
• Signal arrows when DI+ crosses DI− and vice versa
🔹 Why use it:
• Signal filtering: avoid trades in flat markets (ADX < 20)
• Trend confirmation: enter only when ADX is rising above 25
• Directional guidance via DI+ and DI− behavior
🔹 Best for:
• Scalping (1m, 5m)
• Intraday trading (15m, 1h)
• Swing trading (4h and above)
• Breakout and pullback strategies
ADX and DI (Colored Candles Open-Source)The "ADX and DI (Colored Candles Open-Source)" indicator is a technical analysis tool used in trading. It utilizes the Average Directional Index (ADX) and the Directional Movement Indicators (+DI and -DI) to assess the strength and direction of a price trend. The ADX is calculated based on a 14-period lookback and is displayed as a histogram.
The color of the ADX histogram varies depending on the ADX value and the relative positions of +DI and -DI. Green and purple colors represent bullish and bearish trends respectively, with variations in shades indicating trend strength. Yellow and red colors indicate potential trend exhaustion for bullish and bearish trends, respectively, when ADX is above 50. Gray color is used when ADX is below 10, indicating a neutral trend.
Additionally, the script plots +DI and -DI lines with a fill between them to visually represent their crossover. Horizontal dotted lines are drawn at key ADX levels (0, 10, 25, 50) for reference. The candles on the chart are also colored to match the ADX histogram, providing a clear visual representation of the market trend.
ADX Color Coded BarI use the Average Directional Index quite a lot in my trading both manual and automatic trading so i thought i would make it a little easier for myself and others to see if the ADX is above or below a certain value and to allow space on the chart for other indicators. This is done by plotting a green and red bar, green when the ADX is above a certain value and red when the ADX is below it.
Trading in the direction of a strong trend reduces risk and increases profit potential. The ADX is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend is your friend. ADX is usually plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional and registers trend strength whether price is trending up or down.
When the value of the ADX is going up above 20 which is the threshold i like to use, it means that there is more likely to be a confident move. So if you get an entry signal when the ADX bar is red the price is more likely to be in an area of consolidation where fakeouts could happen. It might be a good idea to stay away from entering trades here or remember to take some profits early and set the stop loss to break even.
Keep in mind that the ADX is a lagging indicator and not leading.
ADX and DI deltaJust a small adjustment to a well known indicator, the ADX with +DI and -DI.
I've always been annoyed of how cluttered this indicator is, specially do to the increasing gap between +DI and -DI, so I changed it up a bit.
ADX line has not been adjusted
+DI and -DI have now merged into deltaDI
deltaDI changes color depending on which value is higher (+DI > -DI = green line, else red line)
Plots a dashed 0 line (not editable)
Plots a two dotted lines at value 20 and 25 (editable)
Plots a label above/below price on the chart if the trend is exhausted and might end. (can be disabled)
Now you only have the ADX line together with a delta line.
The delta line is the gap between +DI and -DI and will change color depending on which one is highest and controlling the trend.
+DI = green line
-DI = red line
I've also added both a 20 and 25 horizontal dotted line.
Normally ADX should be 25 or higher to start a trend, but I do know a lot of people like to be greedy and jump in early in the trend build-up.
A dashed 0 line has been added, just because I felt like it. If either the ADX or delta ever cross below it without you editing the script yourself, just delete the script as it clearly doesn't do its job.
A red label_down will be plotted above the price when the ADX starts curling down and +DI > -DI. This indicates at best a breather for a bullish up trend or a possible reversal.
A red label_down will be plotted above the price if the ADX is above 25 and starts curling down while +DI > -DI. This indicates at best a breather for a bullish up trend or a possible reversal.
A green label_up will be plotted below the price if the ADX is above 25 and starts curling down while -DI > +DI. This indicates at best a breather for a bearish down trend or a possible reversal.
Enjoy my take on the indicator.
ADX DEF [APIDEVS]------------------------------------ ENGLISH -------------------------------------------------
In this version of the ADX we integrate several additional features to optimize its operation, for its construction we use the DI+ and DI- indicators and transform them into a histogram, this to mark the intensity of the steering force. We also incorporate another strength indicator called True Strengh Index or in Spanish real strength index (TSI) is a momentum oscillator that is used to identify trends and reversals. The indicator can be useful in determining overbought and oversold conditions, indicating possible trend direction changes via center line or signal line crossovers, and warning of trend weakness via divergence
With this incorporation we replace the traditional ADX with a new directional strength indicator which, in addition to marking the strength, allows to establish the reversal points, adding the possibility of showing divergences and observing the weakness of the movement in advance.
We also incorporate our ADX Multi Time-frames which we place at the bottom of the indicator to show the strength of the market in a multi-time frame. finally we add an informative panel where the value of the ADX is shown.
------------------------------------ ESPAÑOL -------------------------------------------------
En esta versión del ADX integramos varias características adicionales para optimizar su funcionamiento, para su construcción utilizamos los indicadores DI+ y DI- y los transformamos en histograma, esto para marcar la intensidad de la fuerza de la dirección. También incorporamos otro indicador de fuerza llamado True Strengh Index o en español índice de fuerza real (TSI) es un oscilador de impulso que se utiliza para identificar tendencias y reversiones. El indicador puede ser útil para determinar las condiciones de sobrecompra y sobreventa , indicando los posibles cambios de dirección de la tendencia a través de cruces de la línea central o de la línea de señal, y advirtiendo de la debilidad de la tendencia a través de la divergencia
Con esta incorporación remplazamos el tradicional ADX por un nuevo indicador de fuerza direccional el cual además de marcar la fuerza permite establecer los puntos de reversión, agregando la posibilidad de mostrar divergencias y observar la debilidad del movimiento con anticipación.
También incorporamos nuestro ADX Multi Time-frames el cual colocamos en la parte baja del indicador para mostrar la fuerza del mercado de modo multitemporal. finalmente añadimos un panel informativo donde se muestra el valor del ADX .
ADX with Color like MACD HistogramThis is a usual ADX Indicator but the colors change when the next bar falls or grows from the previous bar.
I think that the use of ADX can be maximized by seeing whether the movement is lower or higher than the previous like MACD Histogram.
The ADX indicator is very powerful for driving long-term trends and is effectively used for 4-hour or 1-hour Time Frames.
When ADX is above level 20, the color of the Bar will be blue or light blue. The blue bar means that the bar is higher than the previous bar. The light blue bar means the bar is lower than the previous one.
When ADX is below level 20, the color of the bar will be dark gray or light gray. The dark gray bar means that the bar is lower than the previous bar. The light gray bar means the bar is higher than the previous bar.
When the bar turns blue that's when we can add shares to our winning position.
When the price is above level 40, the background of the bars will be red, indicating that the price is in a very strong trend and will run out of its thrust soon. That's when we get ready to take profit, which is when the ADX Bar which is blue turns light blue.
-
FYI, I use ADX just for adding the shares to my winning position and exiting the market. I don't wait for ADX turns blue to enter the market.
ADX histogram with SMAThis indicator shows a histogram of the ADX with the following colors:
Background gray => ADX under configured lower level which means no trend is present
Background dark orange => ADX between lower and upper level and down trend is present
Background orange => ADX between over upper level and down trend is overheated
Background dark green => ADX between lower and upper level and up trend is present
Background lime => ADX between over upper level and up trend is overheated
Additionally i have added a SMA of the ADX. The crossings of both are shown with a background color:
yellow => ADX crossed SMA line upward which is the case with rising trend
fuchsia => ADX crossed SMA line downward which is the case with falling trend
The indicator is optimated for small browser windows or multiple chart layouts where you have not much space left for your indicators but you also want to read the indicator signals.
For access please leave a comment.
Please provide feedback.
ADX CandleCandles colors based on ADX and DI strength.
How to read:
ADX is less then 20 (adjustable value) is SILVER (no trend)
ADX >0 and DI delta (DI plus - DI minus) is >0 color LIME (trend up)
ADX>0 and DI delta <0 color RED (trend down)
ADX cross ADX Index ( adx+adx 14 period back)/2 color is BLACK and means start/end trend
ADX Trend IndicatorThe Average Directional Index (ADX) is commonly known in English as the "Trend Strength Indicator" or "ADX Trend Strength Indicator".It measures the strength of a trend (regardless of direction: up or down), not the direction itself. Traders often call it a "trending ADX" or simply "ADX for trend" when focusing on its role in identifying strong trending markets (typically when ADX > 25).Quick Overview in English:ADX > 25 — Strong trend (good for trend-following strategies).
ADX < 20 — Weak or no trend (ranging/sideways market; avoid trend trades).
It combines with +DI (positive directional indicator) and -DI (negative directional indicator) to also show trend direction.
ADX Z-Score OscillatorTitle: ADX Z-Score Oscillator
Description:
The ADX Z-Score Oscillator is a normalized version of the traditional Average Directional Index (ADX), designed to oscillate between fixed bounds for easier interpretation of trend strength. Instead of plotting the raw ADX line, this indicator calculates the Z-Score of the ADX relative to its recent average and standard deviation, allowing for consistent comparison over time and across different assets.
The Z-Score oscillates between fixed horizontal levels of +2 and -2, highlighting extreme values.
The orange line represents the current Z-Score of the ADX.
Horizontal reference lines at +2 (red), 0 (gray), and -2 (green) help define overbought/oversold or strong/weak trend zones.
A dynamic table on the chart shows the current Z-Score with color coding to indicate trend strength:
🔴 Z > 1.5 → Very strong trend
🟠 Z > 0.5 → Moderate trend
🔵 Z < -0.5 → Weakening or reversing trend
🟢 Z < -1.5 → Very weak trend or potential reversal zone
This transformation of the ADX into a bounded oscillator helps traders easily assess trend strength and changes in momentum without the ambiguity of varying ADX scale levels.
ADX, RSI, & TSI utilized as ART [by KeremErtem]The "ADX, RSI, & TSI utilized as ART" script is an advanced technical analysis tool designed by Kerem Ertem to help traders identify trend direction, strength, and potential reversals. It integrates the Average Directional Index (ADX), Relative Strength Index (RSI), and True Strength Index (TSI) into a cohesive, user-friendly indicator known as ART (Adaptive Relative Trend) .
What it does:
Trend Detection: Utilizes ADX to identify the strength and direction of trends.
Momentum Analysis: Uses RSI to gauge the speed and change of price movements.
Signal Smoothing: Incorporates TSI to reduce noise and provide clearer signals.
How it works:
Input Settings: Customize the source (hlc3), signal period (l1), and lookback range (l2) to tailor the indicator to your trading strategy.
Angle Calculation (ACI): The script calculates the angle of price movements using a custom function, which combines the lowest and highest prices with moving averages to create a smoother representation of trend angles.
Weighted Average: The ACI function is applied to the source price to derive a weighted average, which serves as the foundation for further calculations.
RSI Integration: The script calculates the RSI based on the weighted average price and further refines it using the ACI function to enhance signal accuracy.
ADX Calculation: ADX values are computed and adjusted using the ACI function to provide a clearer indication of trend strength and direction.
ART Indicator: The combined results of the RSI and ADX calculations form the ART indicator, which is plotted alongside trend lines and bands for comprehensive trend analysis.
Bands and Trend Lines: The script plots upper, lower, and center bands based on standard deviation and moving averages, providing visual cues for potential support and resistance levels.
How to use it:
Customization: Adjust the signal period, lookback range, RSI length, and ADX settings to fit your trading preferences.
Interpretation: Green ART signal lines indicate bullish trends, while red lines indicate bearish trends. The trend line color changes from cyan to magenta based on the trend direction.
Bands: Use the upper and lower bands as potential entry and exit points, with the center line acting as a trend confirmation.
This script offers a comprehensive approach to trend and momentum analysis, making it a valuable tool for traders seeking to enhance their trading strategies with advanced technical indicators.
ADX DI EMA Clouds
EMA clouds colored by DI and ADX indicator:
9 EMA and 21 EMA Cloud turns green in a bull trend and red when in a bull trend...if the trend is half bulll and half bear..the clouds turn white.
I also coded if the momentum in increasing (yellow) or if the momentum is decreasing (blue) or if the momentum is flat (white).
The Clouds are colored based off the Di (+/-)
9 EMA is colored based of ADX momentum strength
ADX:
ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used.1
ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures .
DI (+/-):
The directional movement index (DMI) is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: a positive directional movement line ( +DI ) and a negative directional movement line ( -DI ). An optional third line, called the average directional index ( ADX ), can also be used to gauge the strength of the uptrend or downtrend.
This indicator has the length changed from 14 to 9 so you can have more updated price calculation
I also add the 4 levels I use for day trading; the 10, 20, 30, 40-50 are the levels I like to see the Di to break over.
A lot of traders use different levels, but these I have and found most useful. You can set alerts when any Di crosses over the 40 for true trend breakout!
ADX with 20 ThresholdI wanted an ADX with a threshold line so I created an indicator.
ADX (20 Threshold) Cheat-Sheet
Purpose: Filter trades by trend strength.
Indicator: ADX (derived from DMI) with optional +DI/−DI lines.
Key Rules:
ADX > 20: Trend is strong → trade OK
ADX < 20: Trend is weak/choppy → avoid trades
Optional +DI / −DI: Shows momentum direction
HTF Use: Stable trend confirmation
LTF Use: Optional filter with EMA slope for entries
Tips:
Combine with EMAs or MACD for directional bias.
ADX does not indicate direction, only strength.
Best used to avoid low-probability trades in sideways markets.
ADX Oscillator @shrilssThis Indicator calculates the Average Directional Index (ADX), a popular indicator used to quantify the strength of a trend. Additionally, it computes the Positive Directional Index (+DI) and Negative Directional Index (-DI), which measure the strength of upward and downward price movements respectively.
What sets this script apart is its enhanced ADX calculations. It incorporates Moving Averages (MAs) of the +DI and -DI to offer a smoother representation of trend direction. By averaging these directional indices over a specified period, it aims to filter out noise and provide clearer signals of trend strength.
Traders have the flexibility to visualize the traditional ADX alongside the enhanced ADX oscillator. The script also highlights potential buying and selling opportunities based on crossover events between the directional indices and the ADX, helping traders identify optimal entry and exit points.
With customizable parameters such as the length of the Directional Movement (DM), ADX, and MA periods, this script empowers traders to adapt the indicator to different market conditions and timeframes.
ADX Trend Confirmer [Honestcowboy]The ADX Trend Confirmer aims to give traders or algorithms a way to confirm a trend before entering a trade.
While the default for ADX is a smoothing factor of 14 and a length of 14 to measure directional strength. In my experience this is a lagging indicator and not the best for confirming if the market is trending.
🟢 What are the methods used for confirming trend in this indicator?
ADX above x number : By default we use an ADX length of 3 and it's value needs to be above 50.
ADX sloping up ? This will check if the ADX value is higher than that of previous bar, this to confirm that trend is getting momentum and not slowing down.
close>open / close
