OPEN-SOURCE SCRIPT

ADX and DI with SMA

The objective of this indicator is to provide a tool to asses if the price is trending ( ADX above SMA ) or range bound ( ADX below SMA ), to decide the type of strategy to apply.

Should be used at a larger time frame than the intended operation time frame.
Trend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer