PROTECTED SOURCE SCRIPT
Tradelivio's Ranging vs Trending Indicator ADX
This indicator is based on ADX and helps identify if a market is ranging/consolidating or trending.
Default setting are as follows:
FYI:
*50-75 Very Strong Trend
75-100 Extremely Strong Trend
You can configure 3 levels of strength (Absent, Weak & Strong)
Please keep in mind that a falling ADX line only means that the trend strength is weakening, and it usually does not mean the trend is reversing, unless there has been a price climax.
Default setting are as follows:
- 0-15 Absent Trend
15-25 Weak Trend
25+ Strong Trend
FYI:
*50-75 Very Strong Trend
75-100 Extremely Strong Trend
You can configure 3 levels of strength (Absent, Weak & Strong)
Please keep in mind that a falling ADX line only means that the trend strength is weakening, and it usually does not mean the trend is reversing, unless there has been a price climax.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.