OPEN-SOURCE SCRIPT
ADX/DI Trend Strength
pink line = directional with price, bull strength
black line = counter-directional with price, bear strength
histogram = trend strength confirmation
high pink + high histogram = strong bull
high pink + low histogram = weak bull
high black+ high histogram = strong bear
high black + low histogram = weak bear
black line = counter-directional with price, bear strength
histogram = trend strength confirmation
high pink + high histogram = strong bull
high pink + low histogram = weak bull
high black+ high histogram = strong bear
high black + low histogram = weak bear
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.