OPEN-SOURCE SCRIPT
ADX Trend Indicator
The 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 < 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.
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.