OPEN-SOURCE SCRIPT
ADX Trend + RSI V2
Indicator combining in one chart : ADX + RSI.
V2 : NOW, BULL TREND = SLOPE(ADX)>0 AND SLOPE(long EMA)>0
Changing settings :
Slow ADX Smoothing : periods for the EMA to smooth the ADX
Zero? : threshold (dotted line) at which the label will show "trend" (if the ADX is increasing)
Length RSI : Periods for calculating RSI
Settings for MACD Length : don't touch, except if you need to.
Coded with my buttocks, thanks for your indulgence.
Credits at the beginning of the code (thanks to newmen41)
V2 : NOW, BULL TREND = SLOPE(ADX)>0 AND SLOPE(long EMA)>0
Changing settings :
Slow ADX Smoothing : periods for the EMA to smooth the ADX
Zero? : threshold (dotted line) at which the label will show "trend" (if the ADX is increasing)
Length RSI : Periods for calculating RSI
Settings for MACD Length : don't touch, except if you need to.
Coded with my buttocks, thanks for your indulgence.
Credits at the beginning of the code (thanks to newmen41)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.