dravya

COLOR GUIDE FOR EXPLODING MOMENTUM

NSE:NIFTY   Nifty 50 Index
307 views
2
Hi fellow traders,

I have published a new script to assist you in trading.

As day and short term traders, we need strong movement,
hence,
to save our time and
allow us to trade only when we expect a lot of movement,
I have built this script.

Simple Rule : Trade when it enters green zone. That's it.
Avoid trading when in red zone and preferably, blue zone too.


You can find the script and further explanation when you click on the picture below.
Also, you can find it in related ideas mentioned.

You can use this by 2 ways :

1. Copy Paste the code on the script page in 'Pine Editor' and select 'Add to Chart'.
2. Select Indicator on your chart, and search for ADX Color Easy.




Note : On the main chart of the index in this idea, I have marked the time when ADX entered the Green Zone, with vertical blue lines.


Entry and Exit strategy is according to you, the objective of this is to instantly identify trend strength without any effort.


Thanks.
Glad to help.

Comments

Dear Sir
Kindly give step by step process as how to integrate your script with the charts of Trading view?
Regards

Dinesh Sharma
Reply
Thanks Dravya, I will use it and let you know the feedback.
Reply
dravya abhishekm83
@abhishekm83, You're welcome Abhishek, for using this, be well versed with ADX. It is just a tool to make ADX visually better. Regards.
Reply
Thanks for teaching... Lovely explanation!!!!
Reply
dravya Niks99
@Niks99, you're welcome, hope you use it well.
Reply
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